Bitcoin Quote by Barry Silbert
“Essentially, if you decide to sell a widget using BitPay, and you sell the widget for $100, in Bitcoin you get $100. And so it doesn't matter what the price does the next minute or the next hour.”
About This Quote
Source Article: Bitcoin Payments Guide, BitPay Blog, 2020
Using Bitcoin via BitPay locks the fiat value at the moment of sale, so price fluctuations after the transaction don't affect the received amount.
In simple terms: Bitcoin payment fixes the sale price in fiat.
Key Takeaway
Accept Bitcoin to avoid post‑sale price risk.
Themes
finance
cryptocurrency
risk management
Mood
practical
analytical
Type
advice
informative
When to use this quote
- e‑commerce
- online retail
- freelance services
- international sales
Key Concepts
price stability
payment processing
blockchain
Questions to Reflect On
- How does price locking affect cash flow planning?
- What risks remain when holding Bitcoin after sale?
A Different Perspective
If the underlying fiat currency devalues, the Bitcoin amount may still lose value.
