Microsoft’s shareholders will decide tomorrow whether to approve a proposal for the company to invest in Bitcoin, with implications for the broader cryptocurrency market.
Microsoft’s Decision on Bitcoin Investment to Shape Future Strategy
On December 10, Microsoft shareholders will vote on a proposal to assess adding Bitcoin to its balance sheet. The tech giant’s board has recommended voting against the proposal, arguing that the company already evaluates Bitcoin among other investment options.
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Bitcoin’s Growing Appeal as a Hedge Against Inflation
The proposal, backed by the National Center for Public Policy Research, positions the crypto as a potential hedge against inflation. However, Microsoft’s board, in line with co-founder Bill Gates’ concerns, remains skeptical about the speculative nature of cryptocurrencies.
Market Implications and Potential Impact on Bitcoin’s Legitimacy
A positive vote could further enhance Bitcoin’s credibility as a mainstream investment asset, while a rejection may signal Microsoft’s continued hesitation to join tech companies like Tesla and MicroStrategy, which have already invested heavily in Bitcoin.
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