Last year pay me in Bitcoin became a trending topic on social media since more celebrities rallied behind BTC and demanded getting paid directly in BTC. Even the mayor of New York vouched to covert part of his paycheck into Bitcoin. One could argue that those decisions made last year were driven by the hype around Bitcoin during the bull market.
Yesterday the New York Yankees announced that the team is opting for Bitcoin despite the bear market. It seems that the most successful baseball team in the world is getting orange pilled.
A Bitcoin savings plan
Employees of the New York Yankees can opt for a Bitcoin savings plan that is offered through a partnership with NYDIG. The payroll platform of NYDIG makes it possible to convert part of their monthly paycheck directly into BTC.
Employees don’t have to pay fees associated with transactions or the custody of their Bitcoins. The partnership between both companies was announced just yesterday and it seems that both parties are very excited to add Bitcoin to the benefits of employees.
It is unclear how many employees will opt for the savings plan but according to NYDIG almost 36 % of employees under the age of 30 are considering this option.
The US is getting orange pilled
The NFL player Russel Okung became the first star that opted for Bitcoin demanding to receive around 50 % of his paycheck in BTC. Ever since Okung has used his outreach to orange pill more people pointing out that Bitcoin offers many advantages over fiat and can be a protection against the threat of inflation.
US politicians also looked into BTC and last year there was even some kind of competition going on between New York mayor Eric Adams and the mayor of Miami. Both opted to receive part of their paychecks in Bitcoin while at the same attempting to make their cities more attractive to crypto-related businesses.
With the New York Yankees yet another notable party engages actively with the Bitcoin ecosystem that is driven by the idea that BTC is the hardest asset in the world. While the market is suffering from the lending crisis it seems that in the background there is continuous building going on. With more companies, sports teams, and celebrities publicly opting for Bitcoin there is a high chance that more people are going to follow their moves and invest at least something into BTC.