Michael Saylor: The upgrade of US accounting standards will promote global companies to adopt BTC as a reserve asset
According to Jinse Finance, MicroStrategy founder Michael Saylor stated on X platform that the Financial Accounting Standards Board (FASB) will officially adopt Bitcoin fair value accounting starting in the fiscal year after December 15, 2024. The upgrade of accounting standards will promote global enterprises to adopt Bitcoin as a reserve asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin retreats to $92.5K as strong US jobs data reverses 12-hour gains
Bitcoin Price Rebounds Above $94K, Following New US Crypto Regulatory Framework Announcement
As the countdown for Trump administration debut begins, BTC's price recovered following yesterday's dip to $91,000 levels
CryptoQuant analyst signals Bitcoin’s dip as a prime accumulation opportunity
Leading Developers Challenge Ethereum’s Design, Urging a New Approach
Trending news
MoreCrypto prices
More
