Against the Tide: Microsoft Says No to Bitcoin Despite Pressure from Michael Saylor
- Microsoft rejects Bitcoin, showing corporate caution.
- Saylor advocates Bitcoin as a hedge against inflation.
- Focus turns to other corporations on Bitcoin adoption.
Despite heated discussions and pressure from entrepreneur Michael Saylor, Microsoft recently decided not to include Bitcoin in its treasury reserves. The proposal, which did not warrant a direct investment but rather a more in-depth assessment of the advantages of diversifying into Bitcoin, was rejected by the company's shareholders.
Saylor, representing the National Center for Public Policy Research, argued that adding Bitcoin to Microsoft’s $78,4 billion cash pile could be an effective strategy against inflation. During the shareholders’ meeting, he highlighted the remarkable success of his company, MicroStrategy, which has seen its stock rise nearly 2.500% since it began investing in Bitcoin in 2020. Despite the persuasive arguments, Microsoft’s leadership has opted not to pursue that route for now.
Microsoft say NO to:
❌Internet Browser
❌Mobile
❌Smartphone
❌Social MediaEach time they had to pay a HUGE price to get back into the game, or even missed out forever.
Now they said NO to ❌ # Bitcoin
They will pay the price. #HFSP
—Bitcoin Archive (@BTC_Archive) December 10, 2024
In a world where Bitcoin continues to attract substantial attention, especially after Donald Trump’s re-election in November, Microsoft’s decision marks a point of caution in the corporate sector. Large corporations are apparently still hesitant to adopt cryptocurrencies as an integral part of their financial strategies.
Now, all eyes are turning to other market titans, such as Amazon, which has also shown interest in potential cryptocurrency investments. It remains to be seen whether they will follow Microsoft’s lead or take a bolder approach to Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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