The tech world is abuzz with speculation as Microsoft shareholders prepare to vote on whether the company should invest in Bitcoin. The National Center for Public Policy Research is proposing a Bitcoin Diversification Assessment, suggesting that companies should allocate at least 1% of their total assets to the cryptocurrency as a hedge against inflation.
While Microsoft’s board is advising shareholders to vote against the proposal, top shareholders like The Vanguard Group, BlackRock, State Street Corporation, and Fidelity could sway the decision. Vanguard is leaning towards a “no” due to seeing Bitcoin as speculation rather than an investment, but the others are already involved in the Bitcoin game.
If Microsoft does decide to embrace Bitcoin, it could have significant implications for broader institutional adoption and potentially send Bitcoin to new heights. Stay tuned for the outcome of the shareholders’ meeting on December 10th.
In other news, over $20 million in crypto has mysteriously vanished from a US government wallet, Binance’s head of financial crime compliance has left Nigeria, and the BingX crypto exchange is launching an upgraded wallet firewall for enhanced security. Plus, a lucky solo miner scored over $222,000 worth of BTC in a single block processing.
The crypto market is on an exciting journey, with Bitcoin’s price dancing around $67,000 and predictions of it reaching $200,000 by 2025. Whether you’re hodling, trading, or just here for the memes, the future of Bitcoin and cryptocurrency looks promising. Stay tuned for more updates on this evolving story.
