Rush to Bitcoin? Not so fast, say the keepers of the company coffers

Rush to Bitcoin?  Not so fast, say the keepers of the company coffers

By Tom Wilson, Anna Irrera and Jessica DiNapoli

LONDON / NEW YORK (Reuters) – When Elon Musk’s Tesla became the biggest name to reveal he had added bitcoin to his vaults last month, many experts were quick to call on companies to rush into crypto -booming currency.

Still, there’s unlikely to be a concerted crypto load anytime soon, say many finance and accounting officials are loath to risk balance sheets and reputation on a highly volatile and unpredictable asset that confuses convention.

“When I took my treasury exams, what we were told as the number one goal is to security and balance sheet liquidity, ”said Graham Robinson, partner in international tax and…

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