I'm fairly new to the Bitcoin space but really interested in exploring its potential for small businesses. Bitcoin offers exciting opportunities, but its price volatility can be challenging.
🔹 How can small businesses manage the risks associated with Bitcoin’s price volatility?
🔹 What financial strategies can entrepreneurs use to mitigate potential losses from Bitcoin fluctuations?
#asknostr #nostr
I think there is no "one size fits all solution".
One idea could be the usage of stable sats. Haven't used them, and not sure how much they are trustable at this point, but basically in stable sats, you store your money in bitcoin, but it uses an exchange in the back to keep its value in the fiat you choose.
But if you do this with your whole earnings, what is the point in storing it in bitcoin?
I am doing some research in this field, might have some more info later.
Thank you your your insights 🙌
