Valentino3

3 ms·

1. 1.▲
   by Valentino3 6y ago

   USD is the only currency with which a person can pay its US taxes. Can't do that with Bitcoin. One US dollar can not fluctuate in value relative to itself. The "exchange rate" between USD and BitCoin fluctuates continuously.
2. 2.▲
   by Valentino3 6y ago

   ...elaborating, a corporate treasurer might want to hold some Euros on balance sheet if they expect to have future liabilities or expenses denominated in Euros. That is a hedge. On the other hand, a treasurer that holds Euros because they
3. 3.▲
   by Valentino3 6y ago

   Corporate treasury speculating on currency. What could possibly go wrong?