BlockBeats reports that the National Center for Public Policy Research, a think tank organization located in Washington, District of Columbia, that advocates for free markets, has presented a shareholder proposal to Amazon.
During the shareholder meeting that is planned to take place in April 2025, the suggestion proposes that the firm should take into consideration the possibility of incorporating Bitcoin into its corporate treasury strategy.
The Consumer Price Index (CPI), which is now at 4.95%, is the current measurement of inflation in the United States, and the plan raises worries about it. The think tank contends that the CPI does not accurately represent the real depreciation of currency, and it suggests that the actual inflation rate can be twice as high as the recorded number. Amazon’s cash and short-term cash equivalents amount to $88 billion, and it is believed that this inflationary pressure would severely erode those assets. Utilizing Bitcoin as a hedge against this risk is something that the plan suggests doing in order to protect shareholder value.
In addition, the paper claims that as of December 6, 2024, the price of Bitcoin has climbed by 131% year-over-year, exceeding the average performance of corporate bonds by 126%. Bitcoin’s price has increased by 1,246% over the course of the previous five years, exceeding the average increase of 1,242% that corporate bonds have seen. When compared to conventional financial products, the suggestion alludes to the possibility that Bitcoin’s historical performance might provide a more solid insurance against inflation.
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