Will Microsoft buy BTC for $7.6 billion?steemCreated with Sketch.

in #crypto10 days ago

This week, news emerged that on December 10, Microsoft plans to vote on a proposal to invest in Bitcoin. Although their board of directors does not recommend accepting the proposal, we decided to analyze the possible market impact if they vote “yes.”

bitcoin

  • Microsoft has $76 billion in cash. If the company were to invest just 10% of this in BTC—about 104,109 BTC at the current rate—that would be 11 times more than Tesla's holdings, for example.
  • Supply shortage: such a purchase could cause a serious supply shortage in the market, as exchange balances are at four-year lows, and 80% of all BTC hasn't moved in six months. With less Bitcoin on the market, the price could rise.
  • A move like this would lend Bitcoin legitimacy in the eyes of Microsoft, building trust in it as an asset, which is especially important given the remaining Bitcoin skeptics and fearmongers.
  • This could also trigger a “domino effect,” where other giant companies follow Microsoft’s lead. Such large-scale decisions could spark a bull run.

Even if the proposal is not accepted, the very fact that it’s being voted on indicates that BTC is becoming impossible for large corporations to ignore.

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68804.96
ETH 2441.52
USDT 1.00
SBD 2.33