Microsoft's rejection of a proposal to invest in Bitcoin has been criticized by the digital asset community. The proposal aimed to allocate 1% of Microsoft's total assets into Bitcoin as a hedge against inflation, but the board cited Bitcoin's volatility and the need for stable investments as reasons for opposition. Critics argue that Microsoft may miss out on opportunities, especially as other companies embrace Bitcoin. Tron founder Justin Sun ridiculed Microsoft's rejection, recommending buying Bitcoin when it reaches $1 million. The crypto community suggests that Microsoft's decision could be a mistake, considering Bitcoin recently reached a valuation of $2 trillion. Eric Trump predicts a $1 million Bitcoin price is achievable under his father's administration, which supports crypto adoption. Bitcoin's price has recently crossed the $100,000 milestone but struggled to hold support levels.
- Content Editor ( coinedition.com )
- 2024-12-11
Crypto Community Criticizes Microsoft’s Bitcoin Rejection