The Pomp Podcast
#1467 Ethan Peck | How To Get Microsoft & Amazon To Buy Bitcoin
Jan 9, 2025
Ethan Peck, the Deputy Director for the National Center for Public Policy Research’s Free Enterprise Project, advocates for Bitcoin adoption in major companies like Microsoft and Amazon. He shares insights on the shareholder proposal process, explaining how it could enhance shareholder value amid economic uncertainty. Peck also discusses the power of retail shareholders in influencing corporate governance and the challenges of promoting cryptocurrency within traditional financial frameworks. His vision could reshape corporate strategies and redefine asset management.
32:49
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Quick takeaways
- Ethan Peck's proposal to Microsoft advocates for assessing Bitcoin as a safeguard against inflation, promoting fiduciary duty to protect shareholder value.
- The podcast emphasizes the significance of grassroots movements in corporate governance, urging shareholders to engage in influencing asset management decisions.
Deep dives
Proposal for Bitcoin on Microsoft’s Balance Sheet
A proposal was submitted to Microsoft suggesting the company include Bitcoin on its balance sheet due to the diminishing value of cash amid inflation. Ethan Peck, who is involved with the Free Enterprise Project, presented this idea as a way for Microsoft to uphold its fiduciary duty by safeguarding shareholder value. The proposal did not mandate the direct purchase of Bitcoin but instead asked for an assessment of its potential benefits. This approach aims to encourage corporations to reconsider their substantial cash reserves in light of inflationary pressures.
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