Fair Value Accounting comes to Bitcoin
Recently super good news came to all corporations that hodl Bitcoin.
They now can put in their books unrealized gains compared to just mark unrealized losses. In fact, they can put the real market value of the asset at the time.
This makes more likely and more convenient to add Bitcoin to their balance sheet.
The news were shared by many in the industry, however there is one person that now is extremely happy, and he is Michael Saylor, one of the top BTC hodlers in the world.
He shared this article explaining the details: https://news.bloombergtax.com/financial-accounting/long-awaited-bitcoin-accounting-rules-to-capture-rises-dips
Bear market ending vibes
We are deeply in the bear market but there are a lot of good news surrounding Bitcoin/crypto lately.
Will Clemente summarized them in this tweet yesterday:
Sometimes when you are so deep and immersed in a topic you forgot to zoom out and look at things with a different perspective. Things are getting clearer for cryptocurrencies around the globe and that's a good thing.
Some years ago we wouldn't have believed that we will be at this spot. I'm more bullish than ever, and I'm unloading my cash positions to stack more sats.
Bitcoin at 26,000$
I'm getting more and more enthusiastic about Bitcoin, @empoderat sometimes call me a Bitcoin maxi even I am far from being Bitcoin only. I think it will be really hard for me to be a full maxi as I love HIVE so much.
I need more time to accumulate. Hey guys, stop buying please!
Posted Using LeoFinance Alpha