The proposal is pretty bold. Amazon is one of the biggest companies in the world, and it has millions of customers. But the National Center for Public Policy Research believes that adopting Bitcoin could give Amazon an edge. By adding Bitcoin to its treasury reserves , Amazon could diversify its assets and have a backup plan. This is if traditional money continues to lose value.
Instead of relying only on regular cash, Amazon could have some of its funds in Bitcoin. It might perform better if the economy takes a turn for the worse. If Amazon adopts Bitcoin, it would be following in the footsteps of other big companies like Tesla and MicroStrategy .
NEW: Amazon shareholder, The National Center for Public Policy Research, submits proposal for Amazon to adopt #Bitcoin as a treasury reserve asset. pic.twitter.com/3vtNBKQxQf
— Bitcoin Magazine (@BitcoinMagazine) December 8, 2024
These companies have already started putting BTC in their reserves, showing that the digital currency is being taken seriously by major businesses. However, this decision is not just about protecting the company’s money—it could also help Amazon lead the way in showing how Bitcoin can be used by large corporations.
More About Bitcoin as a Reserve Asset
Michael Saylor, the founder of MicroStrategy, recently made a presentation to Microsoft , encouraging the tech giant to add BTC to its treasury reserves. Saylor argued that by converting some of its cash into Bitcoin, Microsoft could boost its market value by an impressive $1 trillion.
JUST IN: Michael Saylor says “Microsoft could add $1 TRILLION to its of market cap by converting its cash to #Bitcoin ” pic.twitter.com/n9bsYA0Seh
— Bitcoin Archive (@BTC_Archive) December 3, 2024
He emphasized that BTC, often referred to as “digital gold,” could serve as a safe and valuable asset, helping Microsoft hedge against inflation and economic instability. Saylor’s bold suggestion highlights his belief in Bitcoin’s potential to drive significant growth for major companies.
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