Strive CEO Urges Meta to Convert Cash Reserves into Bitcoin Amid Rising Risk

Matt Cole, CEO of Strive, has urged Mark Zuckerberg to convert a portion of Meta's substantial $61 billion cash reserves into Bitcoin, citing increased risks associated with holding cash amid a fiat debt crisis. He highlighted Bitcoin's unparalleled potential, especially given its current trading value at $107,948. This call to action underscores growing concerns over the stability of traditional fiat currencies and the perceived strength of Bitcoin as a hedge. The suggestion reflects an acknowledgment of the shifting landscape where digital assets are increasingly seen as strategic financial instruments for large corporations. Given the macroeconomic environment, this proposition could signal a broader trend of institutional reassessment of cash holdings in favor of cryptocurrencies, provided regulatory and market conditions remain favorable. It also indicates an optimistic outlook on Bitcoin's long-term prospects, especially as it approaches new valuation heights. Investors and market observers should watch for any further developments from Meta and other tech giants regarding cryptocurrency holdings or initiatives, as such moves could influence broader market sentiment and valuations.