Meta May Create Bitcoin Reserve to Protect Against Inflation
Date: 2025-01-13 Author: Henry Casey Categories: BUSINESS
The initiative was put forward by a representative of The National Center for Public Policy Research (NCPPR), who acts on behalf of his relatives - shareholders of the corporation. The author of the appeal noted that maintaining large monetary reserves in traditional currencies is associated with the risk of significant losses due to inflation. In particular, current inflation can "eat up" up to 28% of the value of assets stored in cash or equivalents.
According to the proposal, Bitcoin, known for its fixed emission, which makes it attractive for preserving capital, can become an effective hedge for companies. The document also emphasizes that Bitcoin, due to its limited nature, can serve as a reliable tool for preserving value in conditions of economic instability.
In addition, the initiators of the proposal noted that Meta CEO Mark Zuckerberg and one of the company's directors, Marc Andreessen, have spoken positively about Bitcoin. Andreessen, as a co-founder of the venture capital firm a16z, is known for his investments in the cryptocurrency sector and supports the idea of digital assets.
Despite the growing interest in cryptocurrencies, only 0.01% of public companies in the world own Bitcoin, according to OKG Research. For comparison, in December last year, only 0.55% of Microsoft shareholders supported the creation of a Bitcoin reserve within the company. This emphasizes that few large corporations have yet decided to take such steps.
Interestingly, NCPPR previously proposed a similar solution to Amazon shareholders, which indicates growing attention to cryptocurrencies as possible means of protection against inflation risks and uncertainty in financial markets.
