Not taking the time to learn about BTC is ‘Europe’s biggest risk,’ says Belgian MP

Christophe De Beukelaer is the first European politician to convert his entire salary to Bitcoin. He kicked off 2022 with the bold move, hoping to raise awareness about Bitcoin and alternative monetary models, financial education and to get people talking.

De Beukelaer first got into Bitcoin and blockchain in 2017, and foresees a future in which Bitcoin and cryptocurrencies play a role as a “counterpart to the traditional financial world.” He gave an interview to Cointelegraph to delve deeper into his vision for Bitcoin and his motivations behind being paid in Bitcoin (BTC).

When asked about how long it took to get to grips with Bitcoin and “go down the rabbit hole,” De Beukelaer said that not taking the time to learn about the protocol is

“One of the biggest risks we have in Europe for the moment.” He explained:

“The political people don’t take time for this journey. They are very busy with the day to day administrations of the cities and the countries, but they don’t stop and say, OK, what’s happening now? What are the big evolutions coming in the next 10, 20, 50 years? And that’s the job.”

The 34 year old Brussels Minister conceded that the lack of awareness surrounding the cryptocurrency and Bitcoin space is a “big problem,” and that if Europe doesn’t get its hands dirty with the cryptocurrency space then “Asian the US will decide everything.”

Related: No regrets for NYC mayor receiving his first Bitcoin paycheck during dip

In his view, being paid in Bitcoin is an excellent way of raising awareness about the space and as a professional European official, the act brings another layer of credibility to the space.

When pushed on a Bitcoin price prediction for 2022, he masterfully dodged the question, joking that 2022 would provide “an incredible performance.”

All Dutch and English crypto news!

Cboe reorganization will merge or eliminate digital arm’s activities

The exchange is optimizing operations after acquiring ErisX on the eve of crypto winter and expects to save millions. News Own this piece of crypto history Collect this...

Bitcoin entering most likely 2 weeks for new BTC price dip — Analysis

Bitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving behavior. Market Update Own this piece of...

Insights from Token2049: How crypto wealth is made

Attendees at Token 2049 in Dubai shared their personal stories on how they became rich. Cointelegraph YouTube Subscribe Own this piece of crypto history Collect this article...

Bitcoin chart bull flag is a ‘strong bullish setup’ — Analyst

Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Markets News Own this piece...

Beste exchanges

Koop je crypto bij Bitvavo