Why Your $BTC is Worth $0: The Accounting Scam No One is Talking About
If you look at the GAAP (Generally Accepted Accounting Principles) balance sheet of a major Bitcoin-holding corporation today, you might see a "Carrying Value" that suggests their Bitcoin is worth significantly less than the market price. To an untrained eye, it looks like a disaster.
In reality, it is the greatest tax shield in financial history.
1. The "Impairment" Trap: How Institutions Stay "Poor"
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