Rush to bitcoin? Not so fast, say keepers of corporate coffers


FILE PHOTO: Representations of virtual currency Bitcoin and U.S. dollar banknotes are seen in this picture illustration taken January 27, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON/NEW YORK (Reuters) - When Elon Musk's Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.

Yet there's unlikely to be a concerted crypto charge any time soon, say many finance executives and accountants loath to risk balance sheets and reputations on a highly volatile and unpredictable asset that confounds convention.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Trump security adviser doesn't rule out continued Chinese ownership of TikTok
The nightmare of getting smartphone files onto a Windows PC is over
TikTok stops working for US users
Airbnb host refused to rent to mom because of her 3 kids, suit says
TikTok tells users it will be 'temporarily unavailable' in the US on Sunday
How artificial intelligence is being used to help reduce crashes
Review: ‘Lok’ offers another avenue to explore word play
With cocktails and Snoop Dogg, crypto industry celebrates Trump inauguration
Perplexity AI bids to merge with TikTok US, source says
Trump will 'most likely' give TikTok a 90-day reprieve from potential ban

Others Also Read