With Bitcoin’s price just shy of $100,000, Microsoft shareholders are gearing up to make an important decision: should Bitcoin become part of the company’s financial strategies?
On Tuesday, December 10, shareholders will vote on a proposal called “Assessment of Investing in Bitcoin.” This idea comes from the National Center for Public Policy Research, a group that views Bitcoin as a way to protect against inflation.
Microsoft Board Not in Favor
Even though Bitcoin is gaining attention, Microsoft’s board has suggested shareholders vote against the proposal. Bill Gates, one of the company’s co-founders, has also voiced his doubts about cryptocurrencies in the past. He has described them as speculative and driven by what’s known as the “greater fool theory.” In simple terms, that theory suggests people buy something, not because it has value, but because they believe someone else will pay even more for it later.
The board explained that Microsoft already carefully examines potential investments and doesn’t see a reason to include Bitcoin right now. This cautious view is very different from companies like MicroStrategy and Tesla, which have put billions into Bitcoin as part of their strategies.
Michael Saylor Advocates
Michael Saylor, who leads MicroStrategy, has been one of Bitcoin’s most vocal supporters. He recently spoke to Microsoft’s board, describing Bitcoin as the most reliable and best-performing asset that companies can add to their financial holdings.
Saylor believes Bitcoin offers a chance to future-proof a company’s balance sheet, making it more prepared for the growing importance of digital assets. He urged Microsoft to take a closer look and consider Bitcoin as part of its long-term plans.
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor⚡️ (@saylor) December 1, 2024
Potential Effect on Bitcoin?
The outcome of this vote might influence how other companies think about Bitcoin. If the proposal is approved, it could encourage other businesses to take Bitcoin more seriously. However, if it’s rejected, Microsoft would be signaling that it’s sticking to traditional investments for now.
Either way, the Bitcoin community will be watching closely. Decisions like these could shape how Bitcoin is viewed by large corporations in the years to come.
So, what’s your take? Should Microsoft give Bitcoin a chance as part of its financial strategy? Keep following us at HowToBuyBitcoin.org to see how this story unfolds.