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Brussels MP Christophe De Beukelaer Becomes First European Politician To Convert Salary To Bitcoin

Christophe De Beukelaer, the Member of Parliament (MP) of Brussels, has become the first European politician to convert his salary to Bitcoin (BTC).

It has been reported that the Brussels MP’s monthly salary of EUR 5,500 ($6,140.75) will be converted to Bitcoin using the Bit4You crypto trading platform, which represents Humanist Democratic Centre (CDH) party, hopes his move would inspire other politicians in the region to show a similar interest in the nascent tech.

However, Beukelaer cited the example of New York City Mayor Eric Adams and how American politicians are working to make their native states or cities Bitcoin hubs.

He said:

"New York City Mayor Eric Adams has spent three months collecting his Bitcoin salary to make New York the Bitcoin hub. I think it is not too late for Brussels and Belgium to play a leading role in the cryptocurrency industry."

The report said that Miami Mayor Francis X. Suarez is another popular lawmaker who is known for his BTC advocacy. He has been quite vocal about making the city a Bitcoin hub and apart from getting his own salary in Bitcoin, he has been working on policies to make the same option available for the city employees. Not just politicians but some of the biggest names in sports have also come forward to accept BTC salaries.

Likewise, a total of seven NFL stars have chosen to be paid in Bitcoin. NBA stars such as Klay Thompson and Andre Iguodala have also announced they would accept Bitcoin salaries moving forward.

Thus, the confidence of sports stars added with a growing number of politicians looking to get paid in BTC indicates the growing popularity of Bitcoin as an asset.

Source: Cointelegraph



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