Summary: Michael Saylor has been advocating real hard for the usage of Bitcoin, and now he’s set to give a three minute presentation pitch to Microsoft board as to why they should also invest in Bitcoin. Saylor isn’t any ordinary man as he’s an executive chairman of MicroStrategy company and believes that Microsoft’s investment strategy might have a ripple effect on the broader market.
Saylor’s Three-Minute Bitcoin Pitch
Michael Saylor announced on VanEck’s X spaces that he will be presenting a very brief but strong and impactful pitch to Microsoft’s board of directors. He believes he might be able to sway them and aims to convince them as much as possible to allocate funds to Bitcoin as Microsoft is a tech giant and has over $78 billion in cash reserves.
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The Impact on Microsoft and the Market
Microsoft being a technical giant as mentioned before has only invested on companies like OpenAI but has yet to invest anything on crypto or crypto related projects. Microsoft has the potential to be a major corporate Bitcoin adopter if Michael manages to persuade them, which might start a potential larger institutional interest in the cryptocurrency.
A Track Record of Success
Saylor in his announcement highlighted that MicroStrategy’s growth as a pioneer in Bitcoin adoption. The shares of said companies have surged as high as 2,735% over five years, this success story in itself proves Bitcoin’s potential as a strategic asset.