Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video, I discuss the new FASB accounting rules that will allow Bitcoin to be treated using fair value accounting.This will be a big improvement over treating Bitcoin as an intangible asset. The latter method led inevitably to all of the bad headlines surrounding balance sheet impairment and made it less desirable for corporations to hold Bitcoin on their balance sheets.This new accounting is yet another step on the path to Bitcoin becoming the most desired store of value in the world for individuals, corporations, and nation-states. Not investment advice! Consult a financial advisor. Financial Accounting Standards Board (FASB):https://en.wikipedia.org/wiki/Financial_Accounting_Standards_BoardGenerally Accepted Accounting Principles (GAAP):https://en.wikipedia.org/wiki/Generally_Accepted_Accounting_Principles_(United_States)Long-Awaited Bitcoin Accounting Rules to Capture Rises, Dips:https://news.bloombergtax.com/financial-accounting/long-awaited-bitcoin-accounting-rules-to-capture-rises-dipsMicroStrategy Reports $918M Impairment Charge:https://www.coindesk.com/business/2022/08/02/microstrategy-reports-918m-impairment-charge-on-bitcoin-holdings-in-q2/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #FASB Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=6TrOU__rK2M