Key Considerations For Corporate Investment In Bitcoin
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The screenshot below from Coinbase tracks the price of Bitcoin going back to November 3, 2014. And though the price is currently trading at just above $46,000, it reached an all-time https://boringbitcoinreport.com/ high of nearly $69,000 this past November. Not sure exactly why it does, but maybe it has something to do with fear of cryptocurrencies competing with the dollar and other major world currencies as a medium of exchange. While there is a miner somewhere in the middle verifying the transactions, there is no institution processing payments and taking out fees as they do. For cryptocurrencies to be included in a balance sheet, they must represent an asset due to the principle of completeness from § 246 para.
