Microsoft Shareholders' Bitcoin Investment Vote Likelihood Drops to 9%

In a surprising turn of events, the likelihood of Microsoft shareholders approving a Bitcoin investment proposal has plummeted to just 9% This dramatic drop comes ahead of the highly anticipated vote scheduled for today at the company's annual shareholder meeting

The proposal, initiated by the National Center for Public Policy Research (NCPPR), suggests that Microsoft allocates 1% of its assets to Bitcoin, citing the cryptocurrency as a hedge against inflation. However, Microsoft's board of directors has advised shareholders to vote against the proposal, emphasizing the company's focus on artificial intelligence AI band the need for stability in its financial strategy

Despite initial optimism, with approval odds peaking at 22% when the poll was launched, the sentiment has shifted significantly Polymarket traders now predict a mere 9% chance of the proposal passing. This skepticism is largely due to concerns over Bitcoin's volatility and the board's recommendation to prioritize less risky investments

Microsoft's commitment to AI is evident, with the company having invested $13 billion in Open AI since 2019 This focus on AI and machine learning is seen as a strategic priority, potentially overshadowing the allure of cryptocurrency investments

As the vote approaches, the outcome remains uncertain, but the low likelihood of approval suggests that Microsoft will continue to steer clear of Bitcoin for the time being The decision will undoubtedly have implications for the broader tech industry and the perception of cryptocurrencies as viable assets for large corporations.

What are your thoughts on this development? Do you think Microsoft should invest in Bitcoin, or is their focus on AI the right move? #bitcoin #microsoft