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Amazon shareholders have called on the tech giant to consider Bitcoin as a treasury asset, arguing that this could protect shareholder value while aligning with emerging financial trends.This proposal is driven by the growing recognition of Bitcoin’s potential as a hedge against inflation, a concern highlighted by the NCPPR’s assertion that traditional metrics like the Consumer Price Index may understate actual inflation rates, which it estimates closer to 10%.
Emphasizing Bitcoin’s historical performance, the NCPPR argued that despite its volatility, the asset has consistently outpaced traditional financial instruments such as corporate bonds. The proposal pointed out several prominent examples of corporate Bitcoin adoption, like MicroStrategy, which holds over 402,000 BTC valued at $40 billion, and Tesla, further substantiating this claim.
Analysts speculate that if Amazon embraces Bitcoin, it could catalyze a broader corporate shift, potentially influencing giants like Apple. Industry voices, including Binance’s Changpeng Zhao, have amplified this push,The proposal comes a little over a month after the think tank announced plans to propose a Bitcoin Diversification Assessment at Microsoft’s annual shareholder meeting on December 10.
Microsoft’s board, on the other hand, opposed the idea and requested the shareholders to vote against it. The board argues that Bitcoin and other cryptocurrencies have already been assessed in the company’s financial strategies and continue to be monitored for potential opportunities.What Is Sui Network : The Ultimate Guide in 2024One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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