The shareholders of Amazon are encouraging the company to consider adding Bitcoin to its list of financial assets. This move aims at protecting the investors' value, especially in the face of rising inflation. The proposal suggests that adopting Bitcoin can be a viable long-term strategy.
The National Center for Public Policy Research (NCPPR) is pushing Amazon's Board to evaluate the benefits of holding Bitcoin as part of its annual shareholders' meeting strategies for 2025. This proposal suggests allocating 5% of Amazon's $585 billion in assets to Bitcoin.
With rising inflation rates in the US, conventional financial reserves like cash and bonds are becoming less attractive for companies like Amazon. Bitcoin, despite being volatile, offers a chance for better returns. The NCPPR believes it could significantly enhance shareholder value and protect profits from inflation.
The NCPPR highlighted that Bitcoin's value has seen significant increases over the years, with a 130% surge noted recently. Bitcoin's potential to outperform inflation is considered beneficial for Amazon's financial strategy in the long run.
Industry personalities like former Binance executive Changpeng Zhao suggested that Amazon can also accept Bitcoin payments, which could streamline the integration of cryptocurrencies into its business model.
