Cryptocurrency Value Is Skyrocketing. So Why Aren’t Firms Holding Onto Their Digital Coins?
More law firms are accepting cryptocurrency payments to tout the growth of the crypto practice area and to signal their flexibility to meet their clients’ needs.
But while they’re are embracing cryptocurrency, not all have the appetite to hold onto those digital assets for too long. While there are firms willing to test the crypto market and ride pricing fluctuations and wait to convert their crypto payments, many are quickly converting those digital assets to fiat money to avoid regulatory and operational risks.