Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
vroom
on 06/09/2023, 18:42:51 UTC
This mornings news that companies will be allowed to begin using fair value accounting to value their BTC on their books is a huge positive for Bitcoin. If you weren’t familiar with the rules that had companies list their BTC on their books at the lowest price of the quarter, they existed. This fixes that. No longer will companies be scared to invest for fear of looking dumb when their balance sheet is assured to show an immediate loss.

don't let me google "fair value accounting" and please explain what that means. how does the difference look like in their books, can you give me an example?