Bitcoin Measurement in Accounting: A Theoretical Analysis

Coins appeared many centuries ago with the goal of facilitating the exchange of objects between people, but this means of exchange fell out of the hands of states that had control over their currencies mid-2008, until a new type of currency appeared, the first safe and functional cryptocurrency that did not need to have any government intervening, Bitcoin, a decentralized cryptocurrency that has a manufacturing limit and is becoming increasingly relevant in the current scenario. Accounting in turn has a new challenge of measuring and identifying the new asset in a way that best fits its classification. This paper aims to make a comparison between other scientific papers related to the measurement of the Bitcoin cryptocurrency to obtain a better understanding of how the topic is being addressed. It was concluded that standardization for the registration of these assets is indispensable, and that the main difficulty concerns encountered the reference for quotation in reais and the comparability of information. It is possible to consider that financial operations with cryptocurrencies are similar to operations with foreign currency. The analysis is made assuming the need for classification of Bitcoin and similar assets.