Mason Carter, co-founder of Acropolis, chats about the adoption of Bitcoin in corporate treasury management. Stephan & Mason discuss the challenges faced by businesses in managing their treasury, the role of Bitcoin as a potential solution, and the importance of custody and regulatory considerations.
Mason also shares insights on how companies can get started with Bitcoin, the impact of recent accounting changes, and the future of Bitcoin in banking. They then conclude the conversation with a case study involving eBay and the broader market potential of Bitcoin as a store of value.
Takeaways
🔸Bitcoin can help businesses combat inflation and preserve purchasing power.
🔸Not every company should adopt a Bitcoin treasury strategy.
🔸Custody of Bitcoin is a critical concern for corporations.
🔸FASB changes have made it easier for companies to account for Bitcoin.
🔸The future of banking will likely involve specialized Bitcoin services.
🔸20% allocation to Bitcoin is a reasonable starting point for corporations.
🔸Bitcoin is a more efficient store of value compared to traditional assets.
🔸The legitimacy of Bitcoin is increasing among traditional finance leaders.
🔸Education is key for businesses to understand Bitcoin's value.
🔸Counterparty risk is a primary concern for corporate treasurers.
Timestamps:
(00:00) - Intro
(00:48) - What are Early Riders & Acropolis?
(02:25) - What are the challenges faced by corporations in treasury management?
(04:35) - Should every company with access to public markets adopt Bitcoin acquiring strategies?
(06:58) - Getting started with Bitcoin for Corporations
(12:20) - What are some of the custody considerations for corporate Bitcoin holdings?
(15:19) - Sponsors
(17:00) - Regulatory & accounting challenges in Bitcoin adoption
(20:42) - What is the impact of FASB changes on corporate Bitcoin accounting?
(26:09) - Case study: eBay's Potential Bitcoin Strategy
(27:24) - Sponsors
(34:24) - Bitcoin's market potential compared to other assets
(36:23) - What are the social aspects of Bitcoin adoption?
(39:11) - Why should a corporation consider a 20% allocation of Bitcoin for its treasury?
Links:
Sponsors:
Stephan Livera links: