Bitcoin

As a strategic financial move, Amazon shareholders recommended the company to invest in Bitcoin. The crypto, being an inflation shield, has higher returns than the returns on traditional assets like bonds. With the rise of major corporations, Bitcoin is being used within organizational portfolios.The National Center for Public Policy Research presented the proposal, highlighting inflation concerns. It noted that U.S. inflation averaged 4.95% over four years, peaking at 9.1% in 2022. Shareholders claim Amazon’s $88 billion in cash reserves is vulnerable to inflation-driven erosion. They suggested <a href="https://cryptotale.org/bitcoin-can-experience-a-set-back-till-85k-but-when/" rel="noopener noreferrer nofollow">Bitcoin</a> as a hedge against this risk due to its limited supply and strong performance.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcSbzq5HKt8BZClh5LnSbr2Dt2hN7g6Wi78fK8bvbRS9TIPLZ7xdF4V3th6XldmbvZ3J94tBEeY-4P_5Al6IxASmpEDIpoBVQL76pWYIadipu7TEHk1msVuP7c8CFvyMbJFog7I?key&#61;zVDMXfCn7OkHhstGCVD7pnjn" />According to the proposal, Bitcoin’s growth outpaced bonds. Surging over 131% over the past year, Bitcoin has witnessed an increase of 1,246% in five years. Further, the shareholders pointed out the development of firms like MicroStrategy, Tesla, and Block after acquiring Bitcoin in their assets. Also, with Bitcoin acquisition, MicroStrategy’s stock rose by 537%, highlighting its high-growth potential.<a href="https://cryptotale.org/amazon-shareholders-urge-acquisition-of-bitcoin-for-treasury/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Amazon Shareholders Urge Acquisition of Bitcoin for Treasury

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