[GNC] Bitcoin is legal currency in El Salvador - why not add BTC?

Eric Coates TwistedWood at talktalk.net
Tue Dec 7 07:42:21 EST 2021


Hi

To (slightly) misquote John Ralls
"Bitcoin is neither a major nor a minor currency. It's not a currency at 
all:...[it is]  a speculation vehicle, not a currency."
but as shares are also "speculation vehicles" a possibility arises.

Starting from Dustin Henning's comment, some trivial experimentation 
shows that it is possible to set up a Bitcoin account in GnuCash by 
classifying it as a Stock (although Mutual Fund may be more appropriate 
as, I understand, fractional parts of Bitcoin are possible) and setting 
up Bitcoin as a security. And (somewhat to my surprise) it is possible 
to get on-line quotes by specifying the Symbol/abbreviation as BTC-GBP 
and using Yahoo as JSON as the source in the Single source drop-down. 
(BTC -USD is also available, others may be - I haven't checked).

So (probably after some experimentation) Bitcoin can already be handled 
within GnuCash!

"They knew not how well they built"

Take care

Eric



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