What do you think would happen if Microsoft, one of the biggest technological giants, invested in Bitcoin? Just imagine, waking up tomorrow and this is the headlines in the news. I'm sure most crypto investors will starting investing into it.
But there's a little issue. Microsoft's board of directors are not exactly into the whole idea, but the shareholders are going to vote on it this coming December. If enough shareholders say yes, they might just get it to happen.
Now, put this into perspective, Microsoft has about$76 billion in cash right now. If they were to invest even 10% of that into Bitcoin, it would really move the crypto markets and that alone is a bull run for Bitcoin.
That would be $7.6 billion in BTC and it will certainly create massive demand in a market that is so starved of supply already, supply of Bitcoin, that is. Prices can really shoot up since all of a sudden, everybody wants in, but there is just not enough BTC to go around.
But even if they don't do it, the fact that there was a vote for this will make other multi-billion-dollar companies page attention to Bitcoin. I hope it happens because I would like to see these companies invest more into cryptocurrency, it'll make more people trust the coin and hopefully, I'm not too sure but hopefully, it'll make Bitcoin a bit more stable since these companies will not want the value to go down otherwise it affects them.
Posted Using InLeo Alpha
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