Bitcoin Fundamentals - What Every CPA Should Know
Available Until Wednesday, Mar. 31, 2027
Online
3.00 Credits
Member Price $87.00
Non-Member Price $137.00
Overview
Description: As a CPA advising your clients on financial matters, it is imperative that you have a fundamental understanding of Bitcoin and how it all works and what distinguishes it from all the other cryptocurrencies. This course provides you with a solid base of Bitcoin knowledge so that you will be confident in having those client conversations, as well as participating in the Bitcoin ecosystem, including current tax implications.
After more than 10 years in the marketplace, Bitcoin has been firmly planted in the global financial system as the de facto leader in the cryptocurrency market. Bitcoin is no longer looked at as a mystical concept of money made of pixie dust. Bitcoin has evolved to be a major force in the financial technology (FinTech) industry. With the collapse of the FTX cryptocurrency exchange, among others, it is important to understand how Bitcoin separates itself from all the other alternative cryptocurrencies, aka alt coins, as well as how you can protect your Bitcoin investment from these exchange collapses.
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Objectives
- Recognize the impact that Bitcoin and other crypto currencies are having on the global monetary ecosystem
- Identify the components of the Bitcoin ecosystem and how they all work together as a global crypto currency
- Recognize how you can participate in the Bitcoin ecosystem
Highlights
- The evolution of money: barter, gold, paper, digital, cryptocurrency
- History of Bitcoin, how it originated and evolved to where it is today.
- How Bitcoin works: origin, network, nodes, miners, transactions and the blockchain ledger.
- Participating in the Bitcoin network: procuring, spending, accepting and storing Bitcoin.
- Understanding the role of cryptocurrency exchanges and the collapse of FTX.
- Introduction to Ethereum, a substantial alternative to Bitcoin.
- Income tax implications of Bitcoin and other cryptocurrencies.
Developed by: CPA Crossings
Designed For
Anyone who is interested in the future of digital money or wants to participate in Bitcoin
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings with instructions to access this product.
Leader(s):
Leader Bios
John Higgins, Higgins Advisory, LLC
John is the founder and CEO of Higgins Advisory, LLC, established with the mission of helping CPAs, CFOs and other financial professionals to successfully guide their firms and business organizations through a successful digital transformation. John believes that the key to success today, and in the future, lies in leveraging the power of emerging technologies such as artificial intelligence, blockchain technology, data analytics, workflow automation and more.
John is a seasoned entrepreneur with experience, founding two separate accounting technology advisory firms that were acquired by larger organizations. In addition, he has experience with a local CPA firm as well as a technology advisory practice leader partner in a national CPA firm.
As a nationally recognized thought leader, John shares his expertise as a strategic advisor and speaker on accounting technology through coaching and speaking engagements. His primary contribution to the CPA profession is his passion for helping the profession move forward through the understanding and adoption of emerging technologies.
Non-Member Price $137.00
Member Price $87.00