Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
A Polymarket survey indicates that bettors are assigning Microsoft shareholders only a 10 percent likelihood of endorsing Michael Saylor’s bitcoin investment strategy.
Polymarket Bettors Forecast Microsoft Shareholders’ Decision
The official Polymarket survey reveals that Microsoft is set to vote on the Bitcoin investment proposal on December 10.
Nevertheless, merely 10 percent of Polymarket bettors who participated in the survey believe that the shareholders of the Washington-based technology giant will back its approval.
“Why should they allocate 1% to BTC if their stock could potentially soar by 50% as a result,” remarked one Polymarket participant regarding the survey. “MSFT stock is undergoing a prolonged consolidation, and BTC adoption is a significant bullish factor for Microsoft.”
“If institutional investors seek bitcoin exposure, why wouldn’t they simply acquire bitcoin,” stated another. “They complicate their value assessment by intertwining stable investments (MSFT) with volatile ones (BTC).”
Michael Saylor Advocates for Bitcoin Investment
The debate over whether the Bill Gates-founded company should incorporate cryptocurrencies into its long-term investment strategy originated from an October proposal by the National Center for Public Policy Research, which contended that the firm should invest in the cryptocurrency.
Saylor has since championed the initiative to convince Microsoft to invest in the Satoshi Nakamoto-created cryptocurrency, sharing his appeal with company shareholders and CEO Satya Nadella on X on December 1.
Related Posts
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor
(@saylor) December 1, 2024
“Do the right thing for your customers, employees, shareholders, the country, the world, and your legacy,” Saylor concluded his presentation. “Adopt Bitcoin.”
Saylor’s software company MicroStrategy has benefited from Bitcoin’s post-election rise after the firm opted to invest in the token in 2020.
The Virginia-based company has since outperformed the entire S&P 500 and has increased nearly 500% this year alone.
Michael Saylor expressed his positive perspective on Bitcoin during a recent CNBC interview amid the company’s aggressive acquisition of the cryptocurrency.
“We’re generating $500 million a day,” Saylor stated. “I’m watching my screen, and we’re trading dollar bills for $3, sometimes a million times a minute.”
Just this week, MicroStrategy acquired an additional 15,400 Bitcoin valued at $1.5 billion, bringing the company’s total holdings of the token to over 400,000.
As of Tuesday afternoon, Bitcoin’s price was around $95,000, although Saylor has indicated that he anticipates the cryptocurrency will soon reach the $100,000 threshold.
“I’m organizing the $100,000 party,” Saylor recently mentioned to CNBC.
The post Polymarket Bettors Predict Microsoft Has 10% Chance Of Approving Bitcoin Investment appeared first on Cryptonews.
