""If bitcoin is going to help the current financial system transcend the problems of previous systems, then institutions that wish to utilize it are going to need to develop optics and metrics that demonstrate success and failure."" — Brian Hirschfield From: Epilogue
The optionality that bitcoin gives a company is of tremendous value. It is important to understand what bitcoin actually is: money (the hardest money the world has ever seen) and not a return-bearing asset. From: Treasury / Balance Sheet - Having Optionality
Key Insight from Bitcoin for Institutions: 4. This isn't accounting trickery - bitcoin genuinely lowers costs over time because USD underperforms BTC by design. Chapter: Treasury / Balance Sheet - Having Optionality