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Surprise at Michael Saylor's advice to Microsoft about bitcoin

Crypto247 Editorial

Dec 2, 2024 6:12 AM EST

In a brief presentation, MicroStrategy co-founder Michael Saylor urged Microsoft's board of directors to abandon its conventional financial reliance on Treasury bonds, stock buybacks, and dividends, and instead adopt Bitcoin.

Saylor presented Bitcoin as a "progression option" to Microsoft's board in a presentation that lasted just over 3 minutes but consisted of 44 slides.

The executive claimed that BTC could reach a market capitalization of 280 trillion dollars by 2045.

Saylor urged 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.

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