Managing Bitcoin’s Volatility: A Guide for Crypto-Friendly SMEs
Bitcoin’s volatility is like a double-edged sword for businesses. It can create opportunities, but it can also complicate everything from cash flow to financial planning. For COOs and CFOs in crypto-friendly SMEs, navigating this unpredictable landscape requires a mix of caution and strategic foresight.
The Challenge of Financial Decision-Making
When it comes to financial decision-making, Bitcoin’s price swings make it a real headache. Budgeting and forecasting become tricky when your asset can suddenly drop in value, hurting profit margins. Many smaller companies don’t have the financial cushion to absorb these shocks, which is why it’s so important to have a financial plan that considers these risks.
Accepting Bitcoin payments can…
