yes, it was really crazy.

Imagine going in for a loan at the bank and their approach is to say: ".....ok for collateral assets we show you bought a Manhattan apartment in 1952 for $35,000....so we can only loan you based on that....."

I understand the "theory" of intangible assets rule is because of very non-liquid assets like "rights to a logo we purchased". But unironically BTC is more liquid then nearly any other stock that FASB accounting covers.....