FASB Clears The Path For Corporate Bitcoin Adoption
Portfolio Pulse from David Waugh
The Financial Accounting Standards Board (FASB) has changed its rules to make Bitcoin ownership more practical for public companies. The new rules, expected to be published by the end of the year and go into full effect in 2025, will allow companies to regularly assess and report the fair market value of their Bitcoin position, capturing both unrealized gains and losses on a quarterly basis. This change is expected to accelerate the integration of Bitcoin into mainstream financial markets.

September 11, 2023 | 4:58 pm
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The FASB's rule change is expected to make Bitcoin ownership more practical for public companies, potentially leading to increased demand and a positive impact on Bitcoin's price.
The rule change by FASB will allow companies to regularly assess and report the fair market value of their Bitcoin holdings, capturing both unrealized gains and losses. This could make Bitcoin a more attractive asset for public companies, potentially increasing demand and positively impacting its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100