Conservative Think Tank Pushes Bitcoin Adoption Amid Inflation Concerns
December 22, 2024NCPPR asserts that its advocacy for Bitcoin is ideologically driven, without any financial backing from cryptocurrency-focused groups.
Michael Saylor, co-founder of MicroStrategy, is a notable advocate for Bitcoin, promoting it as a store of value and a hedge against inflation.
Despite facing resistance from traditional financial executives, NCPPR plans to file proposals to other major companies, promoting Bitcoin as a safe store of value.
This ongoing discussion about Bitcoin as a corporate asset reflects a broader trend in the debate surrounding cryptocurrencies in mainstream finance.
While the adoption of Bitcoin by major corporations remains uncertain, NCPPR's efforts indicate that the conversation about Bitcoin's role in corporate finance is very much alive.
The National Center for Public Policy Research (NCPPR), a conservative think tank, is currently negotiating a Bitcoin proposal with a large, unnamed corporation.
The think tank believes that Bitcoin can serve as a shield for corporations against inflation and economic instability.
NCPPR argues that Bitcoin's decentralized structure and limited supply make it a viable solution to combat inflation.
Previously, NCPPR has encouraged major companies like Microsoft and Amazon to integrate Bitcoin into their financial strategies.
The organization proposed that Amazon allocate 5% of its investment portfolio to Bitcoin, following a similar proposal for Microsoft that was ultimately rejected by shareholders.
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The Currency analytics • Dec 21, 2024
Major Company Negotiating Bitcoin Proposal: Report