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Quinten Francois
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Global Liquidity is about to explode at the same time $
BTC
is consolidating right below $100,000
#BTC
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BTC
95,099.99
-1.21%
559
0
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Quinten Francois
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$BTC at $950 was boring in 2016 $BTC at $9,500 was boring in 2020 $BTC at $95,000 is boring in 2024 $BTC at $950,000 will be boring one day
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🚀 Corporate #Bitcoin Adoption Alert 🚀 The Financial Accounting Standards Board (FASB) is set to revolutionize how companies account for #crypto like #Bitcoin through new fair value rules: 1️⃣ What's New with FASB & Crypto: - Crypto assets like Bitcoin will now be reported at fair value, enhancing financial transparency for companies. 2️⃣ Impact on Corporate Treasuries: - This shift allows companies to reflect real-time value changes, potentially boosting Bitcoin's appeal as an asset. 3️⃣ Why It Matters: - Could lead to more companies adding Bitcoin to their balance sheets. - Simplifies accounting, making crypto more attractive for institutional investors. 4️⃣ Example Scenario: - Under old rules: If Bitcoin's value dropped, a company would report a loss. If it rose again, they couldn't adjust for gains. - New Rules: Companies can now adjust Bitcoin's value on their balance sheet to reflect current market conditions, offering a dynamic view of financial health. 5️⃣ Benefits: - Increased transparency and better communication with stakeholders about crypto performance. 6️⃣ Challenges: - Complexity in determining fair value and potential need for system upgrades. 7️⃣ Timeline: - Effective for fiscal years after December 15, 2024, giving companies time to prepare. 8️⃣ Big Deal for Crypto: - Signals a major step towards mainstream crypto adoption by financial institutions. 9️⃣ Market Reflection: - Financial statements will now reflect Bitcoin's volatility, offering real-time insights into a company's financial status. 🔟 Corporate Response: - Enhanced investor confidence as companies can now manage Bitcoin assets more dynamically. 📣 Share this update to spread awareness on how #Bitcoin might soon become a staple in corporate treasuries!
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The first pro Bitcoin US president. The first US strategic BTC reserve. The first spot Bitcoin ETF cycle. The first rate cut in 4 years. The first pro crypto congress.
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Just bought a bag of $STX Here’s why: Bitcoin Layer L2: $STX brings smart contracts to $BTC, leveraging its security and network effects. Ecosystem Growth: Rapidly expanding dApps and developers building on @Stacks sBTC Potential: Trustless Bitcoin for DeFi opens a new wave of opportunities. Undervalued: IMO, the market isn’t pricing its long-term potential yet.
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