Microsoft Rejects Investment Proposal $BTC ! The Truth is Surprising!
After discussions on Tuesday, Microsoft's major shareholders decided not to invest in Bitcoin, as they felt the company had many other investment options and that Bitcoin was not essential. However, Microsoft also stated that they would continue to monitor the development of cryptocurrencies. Just then, good news came from the stock market, as the Nasdaq index broke through 20,000 points, setting a historical high, and the S&P 500 index also rose. Tesla's stock price also broke records, and the price of Bitcoin returned to over $100,000.
Although Microsoft is quite conservative about Bitcoin, the market is very enthusiastic about these cryptocurrencies. For instance, Riot Platforms, a mining company listed on Nasdaq, has recently bought a lot of Bitcoin, and large companies like MicroStrategy are continuously purchasing as well. Even Ray Dalio, the founder of Bridgewater Associates, mentioned at a financial conference that he is considering investing in Bitcoin and other “hard assets.”
On Wednesday, the U.S. CPI data was released, and as everyone expected, the stock market followed with a rise. The Nasdaq index, the S&P 500 index, and gold prices all increased. Moreover, hopes for a Federal Reserve rate cut in December are growing, with everyone feeling that the likelihood of a rate cut is now at 97.7%, which has excited the market even more.
With the stock market performing so well, although the prices of cryptocurrencies like Bitcoin are volatile, they are generally trending upwards. I believe investors shouldn't worry too much; just follow the market and ride the bubble. By 2025, this bubble will continue to rise, providing us with more investment opportunities.
In terms of future strategies, I will guide everyone to target lucrative opportunities in altcoins, with expected returns of over 10 times not being a problem. Like + comment, and let's navigate the entire bull market together!