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Should We Expect a Leading Tech Company to Invest in Bitcoin Soon?

Should We Expect a Leading Tech Company to Invest in Bitcoin Soon?

CryptodnesCryptodnes2024/12/24 13:00
By:Cryptodnes

Bitcoin has been a trending topic among traditional investors these past few years as many big corporations are beginning to warm up to the idea of cryptocurrency.

The prediction market Kalshi indicates a 70% likelihood that one of the “Magnificent 7” companies will invest in Bitcoin before the close of 2025.

Meanwhile, MicroStrategy has continued its aggressive Bitcoin accumulation, announcing yet another large purchase earlier today. With holdings now totaling around $41 billion—equivalent to 2.1% of Bitcoin’s entire supply—the company’s stock has skyrocketed nearly 500% this year. Earlier in 2024, MicroStrategy even outperformed trading volumes for several “Magnificent 7” giants, such as Amazon.

Despite MicroStrategy’s success, corporate Bitcoin adoption has yet to gain significant momentum. Tesla’s groundbreaking $1.5 billion investment in 2021 sparked expectations that other major companies would follow, but those predictions have largely fallen flat.

READ MORE:
MicroStrategy Boosts Bitcoin Holdings With $561M Investment

Recent surveys, including one by CNBC, reveal that most CFOs still view Bitcoin as speculative rather than a reliable store of value.

Resistance among major corporations persists, as demonstrated by Microsoft shareholders overwhelmingly rejecting a proposal to explore Bitcoin investment earlier this month, with less than 1% supporting the idea. Similarly, Amazon shareholders proposed allocating 5% of the company’s assets to Bitcoin, but approval for such a move seems unlikely anytime soon.

MicroStrategy CEO Michael Saylor remains optimistic about Bitcoin’s future in corporate discussions, even though he acknowledges that widespread adoption by non-crypto firms may still be a distant goal.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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