Microsoft is about to have a big meeting with its investors on December 10th, and Bitcoin is going to be a hot topic. Bitcoin is currently trading at around $68,000, which is a good sign for those who think it’s a good way to protect against inflation.
Microsoft’s Stance on Bitcoin
Microsoft has officially proposed to look into investing in Bitcoin. They’ve filed paperwork with the SEC, but their board wants investors to vote against the idea. They argue that Microsoft already looks at a lot of different investments, including cryptocurrencies, and that Bitcoin is too volatile.
Big Investors Weigh In
Microsoft has some major investors, like Vanguard, BlackRock, and State Street. These companies own a big chunk of Microsoft and can influence its decisions. While some investors are pushing for Bitcoin, others agree with the board’s cautious approach.
Interestingly, BlackRock, one of Microsoft’s big investors, has been buying up Bitcoin through its ETFs. This shows that even though Microsoft might be hesitant, other big players are interested in Bitcoin.
What’s Next?
The December meeting is going to be interesting. Some people think Microsoft should invest at least 1% of its assets in Bitcoin to fight inflation. But Microsoft is sticking to its current investment strategy for now.
Bitcoin has been doing really well lately, and a lot of big investors are taking notice. It’s unclear if Microsoft will change its mind about Bitcoin, but this is definitely a conversation that’s not going away anytime soon.
