A Belgian politician invested his salary in Bitcoin and made huge gains

Paying a salary in cryptocurrency is not yet common. It is very easy to buy cryptocurrencies yourself with paid euros. However there are people who do this. A good example of this is Christophe de Beukelaar, a member of the European Parliament. In 2022, he was paid by the European Union in Bitcoin (BTC) for a year.

Political statement

Although 2022 has not been a good year for the price of Bitcoin, De Buccelleri said he is not worried about this. This was a political action in which he tried to draw the attention of Europeans to Bitcoin. This is what he said In an interview With trends from earlier this month.

“It was not a financial investment, but a statement. And I wanted to sound the alarm: Belgium, and Europe in general, should not close its eyes to the ongoing financial revolution.

The Belgian says Europe should embrace cryptocurrencies. The sector offers very great opportunities. He fears a repeat of what happened in the 1990s. Then the Internet appeared. However, Europe saw it as a dangerous technology, and companies working in this sector turned to other parts of the world. Europe missed the boat. Today, De Beukelaere sees a repeat of the same pattern with the cryptocurrency industry.

According to the politician, Bitcoin is superior to gold and the euro. For example, sending Bitcoin is much easier than sending gold or euros to the other side of the world. There is also no need for intermediary intervention.

De Beukelaere envisions a financial world in which Bitcoin holds a central position. This future is still a long way off, but with the introduction of Bitcoin ETFs and the growing role of large financial institutions like Blackrock, the first steps towards this future have already been taken.

The current financial system is broken

The politician criticizes the current financial system, which is characterized by strong central banks. For example, he says the European Central Bank made big mistakes.

“In recent years, the European Central Bank has printed a lot of money, and inflation is partly linked to this. It is useful for the financial world to completely rethink itself. There are a few large organizations and influential people who have too much influence on the monetary system.

De Beukelaere wants to commit to financial education in the near future. He believes that people know little about financial matters. This is something that needs to change.

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