Meta Shareholders Push for Bitcoin Reserves

[Mia Chloe]

Is it just me or who else noticed that ever since the trump effect as most enthusiasts like to call it, all of a sudden so many companies and firms are fixated on different speculations to invest in bitcoin including some countries. Some time ago If I can remember clearly I saw a discussion here too where a contestant of an election in I think Pakistan was giving hopes of a better bitcoin ecosystem in their country if he won.

The fact it's quite clear that these companies and firms are actually making these attempts and speculations because of the potential profits they see if they quickly used this opportunity to get a hold of good bitcoin investments.

[coolcoinz]

^
Is that strange to you? After all, in places like Sicily, before starting a business you need to mind the mafia. In the US you have to mind the government, especially when you're doing big moves with your cash or are a global company. Remember how Huawei used to be a thing in the US and then suddenly not?

Trump is surrounding himself with bitcoiners. He's on good terms with Fink from BlackRock, spoke a few times with Coinbase CEO, his Treasury secretary holds shares of Bitcoin ETF, his Vice President owns bitcoin worth $500k. Obviously the government will now be pro bitcoin, which is an opportunity for companies that want to enter this space.

[Josefjix]

I'm all for companies to adopt Bitcoin but for companies to hoard more Bitcoin? No thanks. It demonstrates zero utility of what Bitcoin is used for and makes it seem more like a get rich quick scheme. Bitcoin has no value without utility; the closest company that has helped its cause was Tesla when they started to accept Bitcoin, but took a step back after.

Viewing it this way is somewhat not an idea reasons for Bitcoin existence when it's core definition of usability is simply buy, sell as well as demand and supply. Anything outside this principle is seeming to be bribing and manipulating the ecosystem for the favour of the corporate institutions where it may reach a point for them to decide and dictate the market, imo

Tesla created a medium for Bitcoin utility, use cases and lot more other than the opposite.

[Alphakilo]

Meta shareholders have suggested that the board of directors consider buying BTC as a strategic reserve for the company.

What do you think?

Do you think this situation would have the same fate as Microsoft and the offer to them?

What a time to be alive.

It is happening all around. Countries are talking about having bitcoin reserves, companies are talking about having bitcoin reserves. It is only a matter of time before the it goes from the talking stage to the implementation stage. The implementation stage is the stage where we the public will see the effect of this on the price of bitcoin. It will further push the global adoption worldwide. Indigenous companies shareholders will be next in making a push for buying BTC as a strategic reserve for the company.

[headingnorth]

Tim Cook CEO of Apple also publicly disclosed he owns bitcoin.

Both Cook and Zuckerberg have a favorable view of bitcoin, so any reserve proposal has a better chance of passing under them than it did with Microsoft and Bill Gates,
who thinks bitcoin is a Ponzi scheme. Another difference is Zuckerberg has a controlling interest in Meta, so his voting power could be enough to push it through. Time will tell.

[ranochigo]

Viewing it this way is somewhat not an idea reasons for Bitcoin existence when it's core definition of usability is simply buy, sell as well as demand and supply. Anything outside this principle is seeming to be bribing and manipulating the ecosystem for the favour of the corporate institutions where it may reach a point for them to decide and dictate the market, imo

Tesla created a medium for Bitcoin utility, use cases and lot more other than the opposite.

I wouldn't call it to be manipulating Bitcoin because that would require far more than what they can afford to invest, but rather giving Bitcoin more publicity and clout in the short term. It does support its growth, and its great but I don't think that it would be necessary for Meta to include it as their reserves. For most companies this is an easy way to repackage their earnings report and present a nicer one to their shareholders. Tesla is an example of it.

[CryptoBuds]

Tim Cook CEO of Apple also publicly disclosed he owns bitcoin.

Both Cook and Zuckerberg have a favorable view of bitcoin, so any reserve proposal has a better chance of passing under them than it did with Microsoft and Bill Gates,
who thinks bitcoin is a Ponzi scheme. Another difference is Zuckerberg has a controlling interest in Meta, so his voting power could be enough to push it through. Time will tell.

CEO or individual owning bitcoin is completely different from an organization or corporation investing in bitcoin. Most large corporations have to go through a voting process where no individual, including the CEO can decide because it involves the interests of the entire corporation. News of Tim Cook holding bitcoin broke a few months ago but had no impact on the market and Apple has never announced plans to invest in bitcoin, this shows that even the CEO cannot influence the company's decisions.

Bill Gates is no longer the largest shareholder and Blackrock is the 2nd largest shareholder of Microsoft, so Microsoft not investing in bitcoin is the decision of most shareholders, don't blame Gates.

[hero_the_bossman]

Good for Meta! Good for Zuckerberg! Not so good for the retail investors like us!

With more and more corporate money flowing into Bitcoin, it will eventually become very difficult for the retail investors to navigate the market. These corporates will hold the power to control the market because of their deep pocket and the decentralized nature of Bitcoin will be compromised.

I am not a big fan of corporates and governments to create reserve in Bitcoin to be honest.

That seems to be a trend of this bullrun, imo.
Bigger entities are becoming interested in Bitcoin - and without them, the adoption process would take much more time and effort.
And, from the answers on my thread - yeah, it may be that there is no clear push from - all - of the shareholders, but from Ethan Peck himself.