CandleFocus Prediction markets show 77% odds of a Magnificent 7 company will buy Bitcoin in 2025
2024-12-24
Author: Content Editor
Prediction markets are indicating a 77% chance that one of the "Magnificent 7" companies (Apple, Amazon, Meta, Microsoft, Tesla, Nvidia, or Alphabet) will purchase Bitcoin in 2025, up from 49% a few months ago. Michael Saylor has been advocating for companies to invest in Bitcoin. Alphabet's Google Cloud is exploring blockchain technology, while Amazon's shareholders are pressuring the company to allocate 5% of its cash reserves into Bitcoin. There are rumors that Amazon is considering a $250 million Bitcoin purchase and may start accepting cryptocurrencies as payment. Apple is not rushing to buy Bitcoin but has partnered with Coinbase to allow users to purchase cryptos through Apple Pay. Meta (formerly Facebook) is emphasizing NFTs and integrating them into its platforms, with a focus on blockchain-powered virtual transactions for the metaverse. Microsoft has launched Blockchain-as-a-Service and is investing in DeFi and NFT startups but rejected Michael Saylor's suggestion to add Bitcoin to their balance sheet. Tesla holds $1.5 billion in Bitcoin and is considering accepting Bitcoin payments again. Nvidia, known for its GPUs used in crypto mining, is facing legal issues but has performed well in the market.
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