Saylor to pitch Bitcoin to Microsoft board
It’s getting more serious, guys! The shareholder that proposed Microsoft to look into putting Bitcoin on their balance sheet has now contacted Saylor to present to their board. This seems to get interesting since Saylors Microstrategy is pioneering that Corporate Bitcoin strategy very successfully.
Saylor is said to get „only 3 minutes“ to pitch the Microsoft board on Bitcoin but if you follow him you know he only needs 60 seconds really, doesn’t he? 😉
The Bitcoin-Proposal is up for voting on 10th of December so fingers crossed! I still think it’s rather unlikely but chances have risen since Saylor is in now.
What do you think? Will Microsoft be the second Mag7 Company after Tesla to buy Bitcoin?
It’s possible for them to buy BTC
I can feel it
🤞🏻
This is one of the reasons why it is hard to convince corporations/companies to accept and/or buy Bitcoin (BTC).
Because the price of the Bitcoin (BTC) is volatile, and it has high fees.
Once Steam is accepted Bitcoin (BTC) as a payment method, but they no longer support it because of the above mentioned things.
In order to make Bitcoin (BTC) more stable and less risky, Michael Saylor should rather convince Microsoft to accept Bitcoin (BTC) as a payment method, instead of buying it.
More corporations/companies and more stores should accept Bitcoin (BTC) as a payment method.
If Microsoft only buy Bitcoin (BTC), then probably that will increase further only the speculation, and not the acceptance of the cryptocurrency.
Well that’s two sides of the story. For institutional investors/holders the „store of value“ narrative why they dive into Bitcoin. The medium of exchange topic will follow later imo.
Here we have to be prudent, we are still seeing that the big investors are putting in money, so the price can go higher from here.