Is Bitcoin a Burden for CPAs?

Since the beginning of 2022, I’ve been pounding the pavement to talk to brick-and-mortar merchants about accepting bitcoin as payment, as I described in my previous piece with Bitcoin Magazine† There are a few key talking points that keep coming back:

  1. Owners “know” about Bitcoin because it has been in the news almost every day for the past few years, but their knowledge beyond that is very limited.
  2. Accountants discourage their clients from getting involved in bitcoin payments and having them on their balance sheets.
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