Steve Orenstein says he would rather a stake of his company’s wealth be kept in bitcoin than dollars.

Orenstein, the boss of ASX-listed Locate Technologies, believes dollars are riskier for his balance sheet than crypto – an odd claim on face value, given the rollercoaster reputation of bitcoin. But Orenstein is convinced that good, old-fashioned cash is just not worth the trouble.

“The risk is actually in holding fiat currency today”, Orenstein says, referring to central bank-issued dollars. “If you really understand that, then you aren’t concerned about the volatility in bitcoin.”

In May, Locate Technologies announced the purchase of $1.45 million to be held in bitcoin. “We’ve got a gain on the bitcoin that we bought, currently. But, we’re not buying it for the short term. We’re buyin

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