Bitcoin Is Tempting, Amazon Shareholders Encourage Companies To Invest BTC

Bitcoin has succeeded in attracting the attention of large institutions. (Photo; Doc. NatSoft)

JAKARTA - Amazon, a technology giant founded by Jeff Bezos, is reportedly considering a 5% allocation plan from its assets to Bitcoin. This plan was submitted by shareholders who proposed the investment as a step to protect companies from inflation and take advantage of the tremendous growth potential of Bitcoin.

For your information alone, Bitcoin has shown outstanding performance in 2024, with price increases reaching 131%. In the last five years, its value has soared by more than 1,200%. This figure is very interesting when compared to the results obtained from conventional investments such as corporate bonds or cash deposits commonly used by Amazon.

The National Center for Public Policy Research (NCPPR), the group that submitted the proposal, argues that despite only 5%, investing in Bitcoin could have a major impact on Amazon's long-term value.

Companies like Tesla and MicroStrategy have already invested in Bitcoin and recorded significant profits. Even Microsoft, which is also one of the major technology companies, is rumored to be holding a vote on similar investments in the near future.

However, although this idea sounds interesting, its implementation will not be easy. The proposal for the asset allocation to Bitcoin must first obtain approval from the board of directors before being submitted in a shareholder meeting in April 2025. If approved, Amazon will most likely start this investment in stages, given the very high volatility of Bitcoin.

In addition, there is speculation that Amazon could further take steps to accept Bitcoin as a payment method, which of course could change the way consumers shop on their platform.

The final decision relies heavily on Amazon's main shareholders, such as Vanguard and BlackRock, as reported by CryptoPotato. If they support, the chances for this investment will be even greater.