Microsoft shareholders will soon decide whether the company should invest in Bitcoin. The decision will be made in a meeting on December 10, and the outcome is uncertain as the board members are currently against the proposal. The think tank that advocates for Bitcoin, the National Center for Public Policy Research, believes it is a good hedge against inflation. However, Microsoft co-founder Bill Gates and the board of directors do not support adding Bitcoin to the company's portfolio. If Microsoft rejects the proposal, it could be seen as a public stance against the asset. On the other hand, a positive verdict could enhance Bitcoin's reputation and its role as a financial instrument. Other companies, such as Microstrategy, have already invested heavily in Bitcoin. The crypto market remains divided, with critics warning about the speculative nature of the asset and supporters like Robert Kiyosaki believing in its potential. Bitcoin recently reached $100k, proving the faith of its supporters, while whales like Microstrategy and El Salvador have profited from their investments.
- Content Editor ( cryptopolitan.com )
- 2024-12-08
? Microsoft shareholders to make Bitcoin investment decision on December 10