According to BlockBeats, the National Center for Public Policy Research, a Washington D.C.-based think tank advocating for free markets, has submitted a shareholder proposal to Amazon. The proposal suggests that the company consider adopting Bitcoin as part of its corporate treasury strategy during the shareholder meeting scheduled for April 2025.
The proposal highlights concerns over the current U.S. inflation measurement, the Consumer Price Index (CPI), which stands at 4.95%. The think tank argues that the CPI is inadequate in reflecting the true devaluation of currency, suggesting that the actual inflation rate could be twice the reported figure. This inflationary pressure is said to significantly erode Amazon's $88 billion in cash and short-term cash equivalents. To safeguard shareholder value, the proposal recommends using Bitcoin as a hedge against this risk.
The document further notes that as of December 6, 2024, Bitcoin's price has increased by 131% year-over-year, outperforming corporate bonds by 126% on average. Over the past five years, Bitcoin's price has surged by 1,246%, surpassing corporate bonds by 1,242% on average. The proposal implies that Bitcoin's historical performance could offer a more robust protection against inflation compared to traditional financial instruments.
