Quote:
Originally Posted by johnnyBuz
Probably not but they have the treasury capacity to do it. It would only be for 1-year increments so if the salary is $150k they would initially purchase 5 BTC (at $30k BTC) and then release it to me in 26 biweekly payments of 0.192 BTC.
At the end of the first year I’d have to decide whether to lock in the next year at the prevailing exchange rate, take a smaller portion in BTC and the rest in fiat/stablecoins or all fiat/stable. It’s most relevant for the next 12 months since I see BTC being significantly higher than today’s price.
I absorb all the volatility risk. They just need the capital on hand to set aside a year’s worth of salary.
Quote:
Originally Posted by Bluegrassplayer
"Double your salary with this one weird trick!"
I hope they go for it and it works out well. Best of luck to you too kekeeke.
This does not seem wise from the perspective of the company as it is a massive freeroll, however companies do lots of incentive structures that can lock in employees.
I'm on a somewhat similar plan, although at a smaller scale (80% cash, 20% BTC, but 2 year increments). It worked out really well 2019-2021, and round 2 has been fairly neutral. I do get the option to cancel and go back to cash but I can't go back to Bitcoin.
I got locked in pretty hard until end of 2021, some serious orange handcuffs when the price goes up 20x on 20% of your salary.
The 20% max is more to prevent people from getting rekt and avoid a complete freeroll. If the price of BTC goes down 20% from my price, it's not worth the risk to cancel the program, however, if it went down 50% and stayed there, I'd be more willing to jump ship or cancel.
For new employees, seems like having some sort of vest cliff would be smart as well. The other risk is the employer is going to always be weighing if firing you and keeping the BTC is worth it.