A few questions and thoughts about a salary or wage effect on the price of Bitcoin?...
- With people choosing to be paid their salary and wages in Bitcoin, is there a notable effect on the price of Bitcoin? This means someone who is paid in Bitcoin may then choose to sell that Bitcoin or parts into fiat currency.
- If there is an effect, will this become stronger and more notable overtime as Bitcoin adoption increases?
- If x number of people are being paid in Bitcoin, does this mean there is a spike in Bitcoins being purchased for salary and wages to be paid by companies?
- If x number of people are being paid in Bitcoin, how many of those people either save/HODL their Bitcoin or decide to sell their Bitcoin into fiat money?
- Can these buying and selling periods be correlated at certain times of each month, e.g beginning, middle of end of the months to co-inside when people are paid and consequently cash out?
- Can AI such as OpenAI ChatGPT spot any correlations for a salary or wage effect on the price of Bitcoin?
Thoughts?
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