Ought to You Get Paid in Bitcoin? Why a Crypto Wage Might Be a Harmful Development – Bloomberg

Politicians and celebrities are more and more getting paid within the digital asset. Its drop — in addition to tax issues — might steal some sheen from the development.
When was the final time your complete paycheck shrank by greater than 20%? 
In case you are being paid in Bitcoin, the reply was Saturday, when the token fell as a lot as 21% in a matter of hours. Whereas it has recovered floor, Bitcoin continues to be down greater than 25% from the document excessive it reached a few month in the past. That fast plunge highlights only one peril of a nascent development that’s being overvalued by politicians and celebrities — being paid in digital currencies.