In this article: Despite Microsoft's decision not to add assets to its balance sheet, bitcoin's acceptance remains unwavering.
a new series of Amazon-led #BTC purchases may be on the horizon.
investors continue to support BTC and other companies.
The wave of #bitcoin adoption does not seem to have subsided after Microsoft's shareholder meeting, held as planned on December 10, decided not to add bitcoin to its portfolio. Prior to the shareholder meeting, there was little optimism about bitcoin's victory. The board of directors had already decided not to add any assets to the company's balance sheet.
If the proposal had been approved, it would have given bitcoin a new impetus. In addition to a surge in asset prices, a new wave of buying would begin, this time by companies.
This surge would also boost BTC, supporting President Trump's rise and creating new billionaires among the elite and private traders.
In the crypto industry, there are signs of a resurgence in bitcoin buying. Following Microsoft's decision to exit bitcoin assets, companies and individual traders have entered the market. According to the National Center for Public Policy Research, the think tank responsible for Microsoft's proposal, the next company to consider adding BTC to its balance sheet was Amazon. Amazon shareholders have scheduled a shareholder meeting for April to vote on a bitcoin proposal.
shareholders plan to vote on a similar proposal from Microsoft, asking to consider BTC as its own asset. BTC has crossed the $100,000 mark, and the Trump administration is working on the cryptocurrency.
more shareholders will also see the potential of the asset and may be forced to urge shareholders to vote in favor of bitcoin adoption at their companies' shareholder meetings. If companies refuse, this could lead to a backlash from shareholders and public opinion. In this case, shareholders will encourage companies to invest in assets they approve of.
Read us at: Compass Investments
