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Michael Saylor's advice to Microsoft on bitcoin surprises
Crypto247 Editorial Dec 2, 2024 6:12 AM EST
In a short presentation, MicroStrategy co-founder Michael Saylor called on Microsoft's board of directors to abandon its conventional financial dependence on Treasury bonds, buybacks and dividends, and instead embrace Bitcoin.
Saylor presented Bitcoin as a "progression option" to Microsoft's board of directors in a presentation that lasted just over 3 minutes but was made up of 44 slides.
The executive claimed that BTC could reach a market capitalization of $280 trillion by 2045.
Saylor called on Microsoft to convert its bonds and buybacks into Bitcoin, arguing that traditional investments only amplify the company's risk factors. According to Saylor, investing in BTC eliminates counterparty risk from competitors, countries, corporations, creditors, cultures or currencies.
