MICROSOFT REJECTS $BTC ! 🚨 Is It A Bearish Signal? 👇
Microsoft shareholders just voted against a proposal to add Bitcoin to the company's treasury holdings! The proposal included the possibility to explore Bitcoin as a hedge against inflation, however the shareholders decided to focus on Core Business. Why? Keep on mind that Microsoft holds $78 billion in cash and marketable securities, so they may not see an urgent need to diversify into a volatile asset like Bitcoin, especially when they are already well positioned financially! Will Bitcoin Drop Now That Microsoft Rejected It?
In my opinion, rejecting the Bitcoin investment proposal is not necessarily a bad news for BTC! Bitcoin’s value and future are not reliant on any single company! And despite Microsoft’s decision, there is still significant institutional interest in Bitcoin. I believe that what mostly stopped the shareholders of Microsoft to adopt Bitcoin is related to its volatility. Microsoft runs a very conservative financial management style and as we know well, Bitcoin's price fluctuations are significant, making it a risky investment for them!
What Level Will BTC Hit Before Its Bounce To A New ATH? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
