Does Bitcoin Belong on Your Balance Sheet?

The article examines whether Bitcoin should be included on corporate balance sheets, emphasizing the need for CEOs, CFOs, and treasurers to develop a measured Bitcoin treasury strategy based on the asset's role and risk profile. Bitcoin is characterized as a scarce digital asset with volatile price behavior distinct from gold, serving currently as a store of value and potential macroeconomic hedge, while its underlying network could evolve into critical financial infrastructure through scaling solutions. The author advises monitoring two key indicators—Bitcoin's adoption relative to gold and sovereign debt, and the growth of its network's transaction volumes—to guide gradual adjustments in corporate exposure, typically recommending a modest allocation of 1–3% due to volatility and accounting considerations. The article highlights the dual potential of Bitcoin as both a digital asset and a platform, with corporate allocations reflecting a balance between its speculative upside and the need for financial stability.