Even though bitcoin’s price is volatile, it makes sense to allocate a portion of your company’s balance sheet to bitcoin held in multisig custody because you’ll never be put in a situation where you cannot access your funds because someone else took risk with your money.
I’d rather have unperturbed access to something worth less than no access to anything.
This is the advice we’ve been giving portfolio companies at Ten31 over the last few days. Who knows what’s going to happen in the next few weeks. Better be safe than sorry.
This strategy is especially important for bitcoin companies who are discriminated against within the banking system.
