The Future Of Institutional Money In Crypto With Matt Hougan, Bill Barhydt And Oliver Linch
The Wolf Of All Streets
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Is Bitcoin a Risk Asset?
Bitcoin is marked at five on its balance sheet, which means it can't be borrowed. The prime brokers that are lending to you look at your accountants and say, what is this thing worth? They're going to look at the mandated accounting rules to figure out what they can lend to you. It literally just changed a week ago or so. And now it's treated just like my nine year old should think it's treated, which is if it goes up, you mark it up. If it goes down,you mark it down. So that's a big piece. People don't put risk assets on their balance sheet all that much. You don't see people putting gold on their
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