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Yash Chaudhary
Jan 29, 2022

Belgian MP Says Crypto Adoption Will Be Exponential

Bitcoin
Christophe De Beukelaer, a member of the Brussels Parliament, has stated that he will receive his entire salary in Bitcoin this year. He predicts that crypto usage would be "exponential," and that the technology will affect all industries.  

Belgian MP Says He will Get His Entire Salary in Bitcoin -  'We Can No Longer Remain Ignorant of This New World’ 

The lawmaker explained that ‘ with the blockchain, we are at the dawn of a revolution of the same order as what we experienced with the internet 30 years ago.’ He believes that all sectors ‘will be disrupted,’  adding that in other countries, ‘large institutions are beginning to invest massively in crypto assets in order not to miss this gigantic opportunity.’ 

Noting that “it is the role of politicians to make the population aware of these societal changes that are coming,” he stressed: “We can no longer remain ignorant of this new world. It’s a bit like clinging to the carriage or the candle as cars and light bulbs appear. Adoption is going to be exponential.”

To generate interest around Bitcoin and the crypto industry, the lawmaker has decided to convert his entire salary into bitcoin.

The lawmaker expressed:

I am the first in Europe, but not in the world, to want to shine the spotlight on cryptocurrencies with such an approach.

He then went on to mention Eric Adams, the mayor of New York City, who has also received his first three paychecks in cryptocurrencies. Coinbase recently turned Eric’s first salary into Bitcoin (BTC) and Ether (ETH). Mayor Adams said he converted his paycheck into bitcoin to send a message that New York City is open to technology.

De Beukelaer further said,

“I think it’s not too late for Brussels and Belgium to be at the forefront of the cryptocurrency industry. We already have some great companies in the field … but it’s time to position ourselves clearly and create a real ecosystem.” 

Belgian MP Says Crypto Adoption Will Be Exponential
Yash completed his graduation in b.tech (Computer Science ). Yash is passionate about applications of blockchain technology. Yash believes use of blockchain technology can transform our lives at a large scale. Yash daily reads articles, research reports and also documentation of different protocols. Yash listen to podcasts to know the view of industry experts.

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