As a seasoned analyst with over two decades of experience in the financial markets, I find the recent moves by the National Center for Public Policy Research (NCPPR) intriguing, to say the least. Having witnessed the ebb and flow of various financial trends, I can’t help but see a pattern emerging here.
As per a current report from The Washington Post, the National Center for Public Policy Research, a conservative research organization that has drawn attention due to its recent Bitcoin suggestions for Microsoft and Amazon, intends to broaden their advocacy efforts.
It is currently in the process of negotiating a Bitcoin proposal with a “major” company. The NCPPR has yet to disclose its name.
The think tank expressed some concerns about financial markets allegedly being used to oppress citizens.
The NCPPR argues that Bitcoin would help to protect corporations from inflation.
Earlier this month, the right-wing group also submitted a similar proposal for Amazon shareholders. The Bellevue-based tech behemoth has been asked to explore a 5% allocation to the leading cryptocurrency.
According to U.Today, over 99% of Microsoft shareholders voted against the idea of investing in Bitcoin. Despite this overwhelming rejection, the National Center for Public Policy Research (NCPPR) seems undeterred and plans to continue proposing similar resolutions in the future, as reported by The Washington Post.
Michael Saylor, one of the founders of MicroStrategy, who earlier failed in his attempt to persuade Microsoft about Bitcoin, recently expressed that he didn’t anticipate significant corporations to immediately adopt Bitcoin. However, he foresaw that Bitcoin, the largest cryptocurrency, would eventually become a topic of discussion within these corporate circles.
According to the NCPPR, no cryptocurrency-related organizations have provided them with any financial assistance.
According to U.Today’s report, most top-tier financial executives consider Bitcoin more as a speculative investment than a reliable store of value. A relatively small number of these financial chiefs believe it might be used for long-term value storage.
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2024-12-21 00:11