$BTC $ETH $BNB #etf #bnbgreenfield #bnbburn THIS IS A BIGGER NEWS THAN SPOT BITCOIN ETF:

How accounts used to treat Bitcoin in 🇺🇸?

Example:

Company A bought Bitcoin for $25,000.

The market crashed and value went to $15,000.

The market recovered and current price is $30,000.

But in Books of accounts the value of Bitcoin will be shown as $15,000 and not the current fair market value of $30,000.

Basically a loss despite company being in profit.

But from 01-01-2025:

Companies will be allowed to show Bitcoin at present fair market value i.e $30,000 in the above example.

Why this is a bigger news than Spot Bitcoin ETF?

* Earlier companies were scared to Buy Bitcoin as the price correction would have hit the company earnings. This could have hit the stock price leading to negative sentiments among investors.

* Now this practice is changed by FASB that means more and more companies will Buy Bitcoin and keep it on their balance sheet as they have seen the success of Tesla and MicroStrategy.

This news will act as one of the biggest catalyst in mass adoption among financial institutions and corporates.

Please do hit like Button if you feel that this is a bigger news than BlackRock Spot Bitcoin ETF Approval.