𝗙𝗔𝗦𝗕’𝘀 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗡𝗲𝘄 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗥𝘂𝗹𝗲𝘀 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻

There has been a lot of talk lately about Financial Accounting Standards Board (FASB)’s new accounting standards, set to take effect in late 2024, and how this change will be bullish for #Bitcoin.

If you don’t yet know what this means, here’s a quick explanation👇

Currently, 𝗮𝗻𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘁𝗵𝗮𝘁 𝗵𝗼𝗹𝗱𝘀 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝗻𝗲𝗲𝗱𝘀 𝘁𝗼 𝗿𝗲𝗽𝗼𝗿𝘁 𝗹𝗼𝘀𝘀𝗲𝘀 𝘄𝗵𝗲𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻’𝘀 𝗽𝗿𝗶𝗰𝗲 𝗳𝗮𝗹𝗹𝘀, 𝗯𝘂𝘁 𝗰𝗮𝗻’𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗴𝗮𝗶𝗻𝘀 𝘄𝗵𝗲𝗻 𝗶𝘁𝘀 𝗽𝗿𝗶𝗰𝗲 𝗿𝗶𝘀𝗲𝘀. This means that even if a business holds bitcoin and other assets, and its total value grows from its profits and the increasing value of its assets, they’d have to 𝘦𝘹𝘤𝘭𝘶𝘥𝘦 Bitcoin and its price increase from their report, making their company’s growth appear less than it really was.

This incongruency has often discouraged companies from adding Bitcoin to their treasuries, but 𝗶𝗻 𝗮 𝗹𝗶𝘁𝘁𝗹𝗲 𝗹𝗲𝘀𝘀 𝘁𝗵𝗮𝗻 𝗮 𝘆𝗲𝗮𝗿, this rule will officially change. Instead, companies will be able to report the losses 𝘢𝘯𝘥 gains on the price of their bitcoin, providing a much more accurate accounting for their business, and greater clarity for current and potential investors.

Think of this FASB rule change as a nod of approval for Bitcoin. It's a sign that big financial players are taking Bitcoin seriously, adding to its legitimacy throughout the world. With this change, companies will be able to be more transparent, and Bitcoin will be seen as a more desirable and respectable asset by analysts everywhere.

In short: 𝗠𝗼𝗿𝗲 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘄𝗶𝗹𝗹 𝘀𝗼𝗼𝗻 𝗯𝗲 𝘀𝘁𝗮𝗰𝗸𝗶𝗻𝗴 𝗹𝗶𝗸𝗲 𝗠𝗶𝗰𝗿𝗼𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆. Considering the coming ETF approvals, followed by the halving, and then this rule change being implemented, is 𝘺𝘰𝘶𝘳 stack prepared for what’s coming?

Remember to 𝗟𝗶𝗸𝗲🤙 and 𝗦𝗵𝗮𝗿𝗲🔄 this bullish change in FASB’s reporting policies.

And 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸🔖 this so you can explain it to others later.

Know any other reasons to be bullish? Drop it in the 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝘀⬇️