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Is this a good idea and a substitue for dollars

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Question - Working capital is the life blood of any organization and cash is the most important part of the working capital. Cash must be used to meet current obligations and to be able to take advanatage of opportunities in the marketplace. The probelm is cash is basically a non-performing asset when it is just sitting there on the Balance Sheet. Some companies have decided to play the risk game and sit on Bitcoin or other crypto currencies in lieu of cash. What do you think? Is this a good idea and a substitue for dollars, euros, and yen or is it a disaster ready to happen?

Reference no: EM132978307

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