© Reuters. FILE PHOTO: Representations of bitcoin and U.S. greenback banknotes are seen on this illustration
By Tom Wilson, Anna Irrera and Jessica DiNapoli
LONDON/NEW YORK (Reuters) – When Elon Musk’s Tesla (NASDAQ:) turned the most important title to disclose it had added bitcoin to its coffers final month, many pundits have been swift to name a company rush in the direction of the booming cryptocurrency.
But there’s unlikely to be a concerted crypto cost any time quickly, say many finance executives and accountants loath to danger steadiness sheets and reputations on a extremely unstable and unpredictable asset that confounds conference.
“Once I did my treasury exams, the factor we have been advised as primary goal is to ensure safety and liquidity of the steadiness sheet,” mentioned Graham (NYSE:) Robinson, a accomplice in worldwide tax and treasury at PwC and adviser to the UK’s Affiliation for Company Treasurers.