Politicians and celebrities are more and more getting paid within the digital asset. Its drop — in addition to tax problems — might steal some sheen from the development.
When was the final time your total paycheck shrank by greater than 20%?
If you’re 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 remains 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 puffed up by politicians and celebrities — being paid in digital currencies.