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Amazon and Microsoft could take Bitcoin to $200,000 by 2025
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Giant Amazon could be the latest company to add Bitcoin (BTC) to its balance sheet. According to the National Center for Public Policy Research (NCPPR), the suggestion is that the company BTC to its balance sheet to generate and preserve value to shareholders.
As with Microsoft, the company’s shareholders will have to decide whether or not Amazon should allocate BTC as part of its cash. In case of approval, the company must begin its BTC purchases by April 2025.
NCPPR, a US-based free market research institute, prepared a report suggesting that Amazon put part of its reserves in BTC. According to the company’s latest balance sheet, its cash balance corresponds to US$88 billion.
In the report, the NCPPR suggests that BTC can act as a hedge against inflationas well as helping the company to value its cash. This is because cryptocurrency offers much higher returns than the US government bonds that make up the majority of Amazon’s cash.
Will Amazon Hoard Bitcoin?
The report precisely mentions MicroStrategy and Tesla, the first public companies to buy BTC in the USA. According to the document, These experiences show that including BTC in cash has already proven to be a successful strategy.
In its report, the NCPPR noted that the inflation measurement metric – Consumer Price Index (CPI) – is currently at 4.95%. However, the agency states that the CPI is a “remarkably bad measure”, suggesting that inflation could be even higher.
As a result, Amazon’s cash of US$88 billion gradually loses value, as the bonds do not offer significant returns. For NCPPR, Bitcoin offers better protection and still protects shareholder value.
Analysts say this is the beginning of the Bitcoin supercycle, with greater entry of large companies. As giants start to buy larger amounts, the market estimates that BTC could double in price by the end of 2025.
Standard Chartered bank predicted that the price of BTC would reach US$150 thousand by the end of 2024 and by $200,000 by the end of 2025. In a note shared with investors, Standard Chartered analyst Geoff Kendrick said:
Amazon and Microsoft could take Bitcoin to $200,000 by 2025
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Amazon and Microsoft could take Bitcoin to $200,000 by 2025
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Amazon and Microsoft could take Bitcoin to $200,000 by 2025
