Post
Topic
Board Economics
Re: Don't keep money meant for your business in Bitcoin.
by
Z_MBFM
on 15/09/2025, 19:02:37 UTC
Some people think that Bitcoin is so good that keeping there business finances or income in Bitcoin is the best idea forgetting that it is very wrong to do that.
As we all know bitcoin is highly volatile in nature and so when you keep your business income or money in Bitcoin it risk you losing some part of your money and also affecting your business because Bitcoin can drop in price at any minute and when that happens the money you kept in Bitcoin will drop in price and since the money is meant for your business the drop of it will affect your business financially and can lead to the fall of your business, money is what they use to run a business when there's no money the business will fall.
So don't keep your business money or income in Bitcoin so has to avoid lost, keep your business money in Fiat currency or a stable coin like USDT.
Bitcoin is a sophisticated payment system through which people from all over the world can easily make payments. Of course, no volatile currency should be kept in the business which can increase the risk of the business, but a system can be introduced there, that is, when someone makes a payment in Bitcoin, it will automatically be converted to a stable coin. If it is converted, then there will be no possibility of loss from there. Many big online platforms accept payments in Bitcoin, such as Hostinger, Namecheap, which provides domain hosting and many popular providers worldwide. They also probably use such technology.