How do you run a business that thinks in Bitcoin and keeps clean books across Lightning, custody, and payroll?
In this episode of BfFS, we sit down with Joe Wood, a CPA who turned his accounting career toward Bitcoin. We discuss how he decided to be Bitcoin-only, how tools like Zaprite and Bitment change the work, and what privacy trade-offs actually matter; as well as whether accountants can grasp the Bitcoin network as a public ledger, and how that understanding reshapes financial advice as a whole.
Join us as we trace messy CSVs to a Bitcoin-native practice and ask what it means to build for the long term.
Chapter Markers
00:00:00 Bitcoin ethos and low-time preference
00:01:50 Guest intro: Joe Wood, Satoshi Pacioli
00:02:57 How Joe found Bitcoin (2014–2020)
00:05:23 From audit to Bitcoin accounting
00:08:53 Why focus on Bitcoin only
00:15:21 Role in industry maturation and clients
00:19:15 Accounting for Lightning payments
00:25:00 Bitcoin treasury and payment tools
00:29:49 Privacy practices and trade-offs
00:39:00 Bitcoin network as a public ledger
00:50:14 Scaling the firm and talent matrix
00:55:48 Client skepticism and closing thoughts
Guest Links
Joe Wood on LinkedIn: https://www.linkedin.com/in/joseph-wood-9217a529/
Satoshi Pacioli Website: https://satoshipacioli.com/
Host Links
Jordan Guess:
X: https://x.com/jordanguess
Discord: https://discord.com/invite/Xg55GVkc3f
**Wyatt O'Rourke:
**X: https://x.com/wyattorourke_
Website: https://www.basilic.io/
**Bitcoin for Financial Services Media Links:
**X: https://x.com/BFFS_media
Website: https://bffs.media/
YouTube: http://www.youtube.com/@BFFS_Media
Check out our awesome show sponsors!
- Basilic Financial: Your wealth deserves intention. Basilic Financial is a Bitcoin-focused wealth management firm that helps clients find balance between money and meaning. Basilic integrates sound‑money strategies across four personalized services: financial planning, individual wealth management, retirement services for SMBs, and Bitcoin financial services. https://www.basilic.io/
- Bitment: Tired of messy CSVs and broken cost basis? Bitment is the first Bitcoin-native accounting platform for CPAs, advisors, miners, and serious investors, delivering clean Bitcoin bank statements, reliable cost tracking, full reporting, and seamless fiat integration through Plaid. Ditch the headaches with robust accounting for the hardest money on earth. https://www.bitment.co/
- Satoshi Pacioli: Run a Bitcoin business? Meet your full-service accounting and tax partner built for the Bitcoin economy. Satoshi Pacioli handles bookkeeping, financial reporting, tax compliance, and strategic planning for companies and individuals. Work with advisors who speak Bitcoin and keep you compliant while building long-term value. https://satoshipacioli.com/
