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Meta Shareholders Urge Bitcoin Adoption Amid Inflation Concerns

Meta Shareholders Urge Bitcoin Adoption Amid Inflation Concerns

Meta Platforms Inc. shareholders are advocating for Bitcoin to be added to the company’s $72 billion cash reserves, citing inflation's impact on purchasing power.

Led by Ethan Peck, the proposal highlights Bitcoin’s potential as an inflation hedge, pointing to its 124% growth in 2024 and 1,265% rise over the past five years, far outperforming traditional investments like bonds.

Critics warn of Bitcoin’s volatility and regulatory risks, but proponents argue it offers long-term protection against inflation.


READ MORE: Justin Sun Draws Attention with Major Ethereum Moves


Peck’s call aligns with a broader trend of corporate Bitcoin adoption, as seen with companies like MicroStrategy and BlackRock, the latter of which has launched a record-breaking Bitcoin ETF.

Advocates believe integrating Bitcoin into Meta’s treasury could demonstrate innovation and align the company with forward-thinking financial strategies. Whether Meta will consider the move remains uncertain.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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