0 sats \ 3 replies \ @IgnaciobTato 19 Sep \ on: Stacker Saloon
This is a real question. I can manage some invest for the company, but it is not allowed to buy BTC. The only option is a BTC Spot ETF. Which one do you suggest and why?
none. If you do not buy real BTC you better don't buy anything else. ETFs are a fucking big scam.
If that company is so dumb to not have BTC as reserves and also start paying employees from that reserve, then you better find another place.
reply
99% of companies are dumb then because they don't have btc, but btc adoption for coporation is slower than individuals. First you need to buy btc and register that purchase. then have a legal department, compliance, account management, accountancy for valuation, manage lost sats during tx, etc.
So if a company wants a non-custody btc option, like its already having non-custody stocks, bonds, accounts, what shall it do?
reply
Bitcoin is CASH in accounting. That's all.
You declare as "cash reserves". Is none of anybody else business what you do with your own money.
reply