A shareholder of Meta has proposed evaluating the potential inclusion of Bitcoin $94,291 in the company’s treasury. This proposal highlights Bitcoin’s historical growth and its potential as an asset resistant to inflation compared to traditional cash and bonds.
Bitcoin’s Investment Performance
According to the proposal, Bitcoin’s price is expected to increase by 124% by the end of 2024, surpassing average bond returns. Over the past five years, Bitcoin’s price soared by 1,265%, while bonds lagged with an average return of 1,245%. Currently, Bitcoin’s price fluctuates between a daily high of $95,770 and a low of $92,250.
The recommendation states that Bitcoin is transitioning from an investment or payment method for companies and institutions to a treasury asset. MicroStrategy, an early investor in Bitcoin, claims to have increased its equity by 17,000% using BTC ($94,154.30) in its balance sheet strategy. BlackRock has also introduced a Bitcoin ETF, indicating a promising approach for future investments.
The proposal indicates that Meta’s leadership and stakeholders are inter…