In Mechanical Engineering from Lehigh University and a M.B.A. from the Mason School of Business at the College of William & Mary. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
- Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
- In Business Administration as well as a Master of Accountancy from the Grossman School of Business at the University of Vermont.
- Prior to NASA Peer Review Services Michal served as the web developer for Folio Investments.
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Carol R. Van Cleef is an internationally recognized authority on and pioneer in legal issues involving cryptocurrencies and blockchain technology, Ms. Van Cleef is Chair of the Blockchain and Digital Assets practice at Bradley Arant Boult Cummings LLP. She represents virtual currency exchanges, blockchain developers, NFT creators and platforms, and various types of financial services and fintech companies. She also serves as an advisor to a number of early-stage companies in fintech and blockchain-related technologies. Ms Van Cleef is a graduate of Georgetown University, School of Foreign Service (B.S.F.S) and received a Juris Doctor from the Washington College of Law, American University.
Capture Bitcoin’s long-term price performance
Adele earned a bachelor’s degree in Business Administration from Pace University. U.S. public companies such as BTCS are required to prepare and report their financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Under U.S. GAAP, non-security digital assets such as bitcoin and ethereum are indefinite life intangible assets and carried at their lowest value since date of acquisition by BTCS. A more detailed description of our digital asset accounting policies can be found on page 15 of our most recent annual report. Additionally, PWC’s March 2018 point of view position publication provides an excellent digital asset accounting analysis.
CRYPTO: BTC
For good reason, they have been called the most important new product Wall Street has created in nearly 30 years. That’s because these ETFs make the process of buying and selling Bitcoin so simple that practically anyone can do it. With the currency converter, you can convert 3 United States Dollars to Bitcoins and find out how much three dollars is currently worth in Bitcoins. Also, you can make a reverse calculation and find out the current value of 3 Bitcoins in United States Dollars. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page.
Dynamics of the cost changes of 3 Dollars (USD) in Bitcoins (BTC)
Previously, Manish was VP of Technology and Research at Corra, a leading digital commerce agency. Before joining Corra, Manish was CTO of REGARD, where he was integral to the development of GoGoin, a global digital currency payment gateway for e-commerce merchants. In this role, she serves as a liaison to the investment community and will lead the investor relations program. Adele has over a decade of experience in marketing and investor relations. Prior to BTCS, she worked at CrowdStreet where she raised capital for their private funds and supported the investor onboarding process.
Prior to that, Adele was an Investor Relations Analyst at Synchrony Financial. In 2014, she received two Synchrony Star Awards for Collaboration and Strong Governance. Adele started her career in investor services at UBS Alternative Investment Solutions. Ms. Carey worked closely with the investment committee and business development teams.
In 2011, he created Litecoin in an effort to improve upon Bitcoin’s high fees, slower transaction times, and scalability issues. Charlie went on to work for Coinbase where he became Director of Engineering before leaving the company in 2017 to focus on supporting the development https://cryptolisting.org/ of Litecoin full time. As of March 31, 2023, there were approximately 13.82 million shares of common stock issued and outstanding, 0.712 million warrants to purchase common stock with an exercise price of $11.50, and 2.8 million stock options and restricted stock units.
The foregoing description of our capitalization does not purport to be complete and is qualified in its entirety by reference to the complete text as set forth in our SEC filings. This ability to capture the long-term price performance of Bitcoin is very attractive, because just about everyone agrees that the price of Bitcoin has the potential to skyrocket higher. Bitcoin could soon eclipse its all-time high of $69,000 before breaking through the $100,000 level by the end of 2024. And you can easily find price predictions for Bitcoin well in excess of $100,000.
Bitcoin ETFs Are Here. Why You Should Buy and Hold Long Term
In Business Administration as well as a Master of Accountancy from the Grossman School of Business at the University of Vermont. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
Cathie Wood of Ark Invest, for example, thinks that the price of Bitcoin could top $1.5 million by the year 2030. Information contained herein contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be “forward looking statements”. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Currency Converter
If you are thinking about getting exposure to Bitcoin, there is only one calculation that you need to make. Simply add up the total costs of buying Bitcoin directly on a cryptocurrency exchange such as Coinbase Global (COIN -0.47%), and then compare it to the super-low cost of owning the new ETFs. Unless Coinbase decides to lower its trading fees, it will almost always make sense to go with the lower-priced ETFs. Michael has worked for PricewaterhouseCoopers LLP for over nine years prior to joining BTCS, specializing in investment company audits for leading asset managers in the financial services industry. Michael is a Certified Public Accountant licensed in the state of Pennsylvania.
As such, the reported value of our digital assets on our balance sheet is significantly less than their fair market value (“FMV”) and cannot be increased under U.S. For most investors, the new Bitcoin ETFs are likely the most efficient way to capture the long-term price potential of Bitcoin. They are a low-cost investment vehicle that takes away the need to monitor the performance of Bitcoin on a daily basis. So if you’re going to buy one of the new Bitcoin ETFs, you should plan to buy and hold for the long term.
Given the material discrepancy in value, we have disclosed, and will continue to disclose, the FMV of our digital assets in the MD&A section of our financial reports. That’s why it doesn’t seem to bttc3s coin make sense to embrace a short-term trading strategy for Bitcoin. You’ll be missing out on the cost advantages of the new Bitcoin ETFs and unnecessarily driving up your total cost of ownership.