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Accounting for Cryptocurrencies
Whether they confuse, scare, or excite you, most people have heard about cryptocurrencies in recent years. Elon Musk has been tweeting about them, El Salvador has officially adopted Bitcoin as legal tender, and corporates are beginning to accept and hold various cryptocurrencies. As there is wider adoption, more businesses will end up acquiring these digital assets which raises the question on how to account for them.
Growing the value of your business - a lesson from Tesla
At some point, most business owners will have considered the potential value of their business - perhaps when they are ready to exit, but also often in the years preceding this with a view to increasing the value before going to market. The big question though, how can the value be increased?