NCPPR: Amazon Considers Bitcoin Reserves
This is a news story, published by CoinGape, that relates primarily to Bitcoin news.
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•Will Amazon, Microsoft Drive BTC Rally to $200K in 2025?
76% Informative
NCPPR , a free-market think tank, has suggested Amazon put part of its $88 billion cash reserves into Bitcoin , as a hedge against inflation.
The think tank criticized the CPI as an inadequate measure of inflation, suggesting true inflation may be twice the reported rate.
Bitcoin is facing strong resistance at $ 100 K level amid strong selling pressure from long-term holders.
Bitcoin price has increased by 131% over the previous year , outperforming corporate bonds by 126% on average.
Analysts predict BTC will rally to $ 200 K by the end of 2025 .
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