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I was reading an article this morning about a tech firm in the States offering an extra service offering to pay a portion of their salaries into a crypto investment fund. Being a tech firm you would find most of the staff being up to speed with crypto so would make perfect sense going hand in hand with their pension funds.
I have a feeling if this was offered to many other firms not just in the Tech world, the staff would most likely jump at it. This would be hassle free as a third party that processes the payroll would do the investing alongside dealing with all the tax implications.
This would be a boost not only to crypto in general but the payroll firms providing the service as they would be charging a premium for the service. Suddenly one could vison many more millions of wallets with what could turn out to be significant buying power depending on the firms and businesses involved.
Depending on how well these payroll service providers do it could definitely change retirement ages for many depending on how much they invest monthly and how long they are involved in such schemes. It would not be difficult to imagine that the crypto fund will have more value than the pension fund within no time depending on how well the crypto does over the coming years and what crypto they invest in.
My business partner and I have already discussed this paying our dividends into crypto and holding a crypto debit card for easy access if required. The world is definitely starting to change how they think as services are slowly appearing opening up the crypto markets to the masses.
This type of thinking was unthinkable even 2 years ago as there was just too much FUD around calling it a scam and God knows what else. I would say that many of the Blue Chip pension funds are already involved in crypto and why all of a sudden this is becoming an offered service. They see this as another good earner for the firms they represent and an opportunity that they cannot miss.
What I find quite scary is Bitcoin has hit $40 000 already and we haven't even got started and with these sorts of initiatives springing up in the work place a $1 Million Bitcoin is starting to look cheap. I used to think these sorts of numbers were just pie in the sky thoughts, but they definitely aren't and can vision this playing out over the next decade.
Over the last two years we used to see a positive news story of so and so investing in crypto maybe once a week or every second week and now we are seeing these things happening daily. We only hear about it from the ones that are willing to show what they are doing so there are plenty of others behind the scenes doing exactly the same thing so it is not one daily, but multiples.