Michael Saylor pitched Bitcoin adoption to members in the recent Microsoft Board meeting.
The cryptocurrency has surged significantly in Q3 of 2024.
As investors step gingerly into December expecting a modest price dip, the crypto market has held on to its bull run so far. In addition, it has also wavered off the weekend slump with fresh activity in the past day. On the regulatory end, the SEC has filed a new lawsuit against Touzi Capital for investors’ defraud.
Meanwhile, MicroStrategy executive chairman, Michael Saylor, presented Bitcoin as a promising investment option to the Microsoft Board. The executive chairman took to his X account to post his 3-minute presentation at the Microsoft Board of Directors meeting. In the presentation, Saylor highlights the advantages Bitcoin holds in turning things around for the firm.
The chairman of MicroStrategy stated that ‘Microsoft cannot miss the next technology wave’ – Bitcoin. He outlined how the cryptocurrency, currently the 7th largest capital, has been outperforming Microsoft in the recent past. He stated, to grow further and combat current risks Microsoft could turn to “Digital Capital”, i.e., Bitcoin.
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
Additionally, he also presented several statistical facts that showed Microsoft’s needs to make alterations to its investment strategies. Saylor stated that the firm should embrace the future as the world enters the first year of a “Crypto Renaissance”.
What Does Michael Saylor Mean By – Crypto Renaissance?
MicroStrategy has been steadily buying Bitcoin over the past months. Recently, on November 20, the firm made yet another 51,780 BTC purchase adding to its total 331K holdings. Moreover, the firm and its founder have drawn immense market attention within the realm of institutional Bitcoin adoption.
Michael Saylor refers to the rapid crypto adoption that can be seen materializing in the recent month. With the largest crypto asset nearing the $100K milestone, it has created a lot of FOMO among investors in the financial sector.
Subsequently, they have now begun getting into the market. This has further increased the necessity for several advancements and regulatory clarity which the US government and regulatory bodies such as the SEC are currently obliging. This, referred to by Saylor as the Crypto Renaissance has thrown a positive light within the community.
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