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4min chapter
BTC142: Bitcoin Policy Update Q3 2023 w/ Perianne Boring (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Importance of Accounting Standards for Bitcoin
The FASB is required to set the accounting standards for public and private companies in the United States. The way that they have looked at Bitcoin and other digital assets is they require companies to treat it as an intangible. This has been called the number one issue to the corporate adoption of Bitcoin by Michael Saylor, founder of MicroStrategy. "We've petitioned the FASB to change the accounting treatment from an intangible to fair market value"
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