Why US Public Companies are Starting to Acquire Bitcoin

Public Companies are Starting To Acquire Bitcoin

Technological Evolution, Macroeconomic Uncertainty, and Accounting Standards Publicly traded companies holding part of their reserves in bitcoin to protect their purchasing power. What was a fantasy a few years ago is becoming a reality. Two huge news stories have come in the past few months. MicroStrategy Taking the Lead It all began with MicroStrategy Inc. (MSTR), […]

AICPA Releases Accounting Guidance on Digital Assets (Cryptos)

Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as a practice aid titled “Accounting for and Auditing of Digital Assets”. You can download the original […]

Looking back at BlockChainJam 2019


This year’s BlockChainJam was as great, if not better than last year’s! This year’s BlockChainJam was held on November 17, 2019 at the Yasuda Auditorium (Tokyo University). It was pretty cool to listen to talks on cutting edge technology in a building that is as historical as the Yasuda Auditorium. A summary of my presentation […]

We’ll Be Speaking at BlockChainJam 2019 @Tokyo University


BlockChainJam 2019 We’ll be speaking at the upcoming BlockChainJam 2019 conference. The event, whose theme is centered around the future of blockchains, will take place on November 17, 2019, at Tokyo University. We’ll be talking about the hot crypto/blockchain topics of 2019 from an Accounting and Finance angle. Please come and join the fun! If […]

Using Sharpe Ratio – A Better Tool to Evaluate Your Investment

Sharpe Ratio of Bitcoin

Is your investment generating sufficient returns in relation to the risk that you’re taking? The Sharpe Ratio will tell you the answer The Shape Ratio is a measure that is widely used in finance to evaluate the performance of a fund or an investment. The reason the Sharpe Ratio is used instead of a simple […]

Modeling Bitcoin Price, an Introduction to the Stock to Flow Model

Stock to Flow Model

A Bitcoin Pricing Model is getting the industry’s attention In traditional finance and accounting, many valuation methods and models are used to calculate the fair value of various assets. The DCF (Discounted Cash Flow) and CAPM (Capital Asset Pricing Model) are some examples that are used to value a business or equity. These models are […]

2019 Corporate Tax Reform – Impact on Cryptocurrencies

Tax reform 2019

Taxation on Crypto Unrealized Gains (Losses) for Entities With the 2019 Corporate Tax Reform now in effect, unrealized gains (and losses) from cryptocurrencies held by entities will be subject to taxation. The impact of this change is significant for entities that hold crypto (exchanges, funds, etc.). I have summarized the effects below. Mark-to-market of crypto […]

June 5 Crypto Roundtable


Tokyo/Otemachi Crypto Roundtable Recap We discussed the history of Bitcoin and the mechanics of blockchains The main topics that we discussed during the June 5 Roundtable were related with the birth and history of Bitcoin and the basic technology that make blockchains work. During the one hour discussion, we got to touch on technical topics […]

New Crypto Regulation Coming

New Crypto Regulation Coming

New Crypto Regulation Coming: Make Room for the Financial Instruments and Exchange Act We attended the 2019 Japan International Banking & Securities System Forum The event was heavily focused on Cryptos, Blockchains and DLTs (Distributed Ledger Technologies). This is apparent from the speakers and sponsors of the event. One of the topics that was being […]