We Study Billionaires - The Investor’s Podcast Network BTC205: Bitcoin Interest on FDIC Insured Cash Accounts w/ Alex Leishman (Bitcoin Podcast)
6 snips
Oct 23, 2024 
In this engaging conversation, Alex Leishman, CEO of River, shares insights on a remarkable 30% growth in business Bitcoin adoption. He discusses how private companies are leading the charge, navigating the complexities of treasury management and volatility in crypto. Alex unveils River’s new service that offers interest on FDIC-insured cash deposits. He emphasizes the significance of proof of reserves for transparency and offers valuable advice for newcomers exploring the evolving landscape of cryptocurrency.
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Business Adoption Trend
- Business Bitcoin adoption follows personal adoption.
- Business owners who invest in Bitcoin personally often extend this to their companies.
Accounting Hurdle
- Accounting and tax treatment were the biggest concerns for businesses adding Bitcoin to their treasury.
- This hurdle has been mostly cleared, paving the way for increased adoption.
Reserve Asset Shift
- Historically, the world's reserve asset was gold, backing various reserve currencies.
- Now, a divergence is occurring, with the US dollar remaining the reserve currency but Bitcoin potentially becoming the new reserve asset.