A new accounting rule could see the likes of Google, Amazon, and Apple reporting on Bitcoin and other altcoins in their balance sheet.
This development is said to provide enough reasons for more institutional investors to invest in Bitcoin. 
In a new accounting rule set to be published by the end of the year, companies have been mandated to declare their crypto holdings at fair value. This means that tech giants like Apple, Amazon, and Google will report on Bitcoin (BTC) and other altcoins on their balance sheets as early as next year. This is a huge improvement from the existing practice which has been criticized for its lack of flexibility. While the new standard could be effective after December 15, 2024, companies are allowed to go for early adoption.
According to Jeff Rundlet, head of accounting strategy at Cryptio, this is a huge decision towards mainstream adoption.
It’s a great step forward for the entire crypto market. I think it’s a great step toward mainstream adoption.

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