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Julia Smith
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Julia Smith
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A Polymarket poll shows that bettors are giving Microsoft shareholders just a 10 percent chance of approving Michael Saylor’s bitcoin investment strategy.
Polymarket Bettors Make Microsoft Shareholders’ Prediction
According to the official Polymarket poll, Microsoft will vote on the Bitcoin investment plan on December 10.
However, only 10 percent of Polymarket bettors who voted on the poll say that shareholders of the Washington-based tech conglomerate will support its passage.
“Why should they invest 1% in BTC if their stock could skyrocket 50% because of it,” one Polymarket user commented on the poll. “MSFT stock is in a long consolidation, and BTC adoption is a mega bullish driver for Microsoft.”
“If institutional investors want bitcoin exposure, why wouldn’t they just buy bitcoin,” said another. “They’re just making their value assessment more difficult by muddying up safe investments (MSFT) with volatile ones (BTC).”
Michael Saylor Urges Bitcoin Investment
The issue of whether or not the Bill Gates-founded organization should adopt cryptocurrencies as part of its long-term investment strategy stems from the National Center for Public Policy Research’s October proposal arguing that the company should invest in the cryptocurrency.
Saylor has since taken up the cause of persuading Microsoft to invest in the Satoshi Nakamoto-created cryptocurrency, posting his pitch to company shareholders and CEO Satya Nadella to X on December 1.
“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 firm MicroStrategy has been bolstered by Bitcoin’s post-election surge after the company decided to invest in the token in 2020.
The Virginia-headquartered company has since surpassed the entire S&P 500 and is up nearly 500% this year alone.
Michael Saylor shared his optimistic outlook on Bitcoin during a recent CNBC interview amid the company’s rapid buyup of the cryptocurrency.
“We’re making $500 million a day,” Saylor said. “I’m staring at my screen, and we’re selling dollar bills for $3, sometimes a million times a minute.”
Just this week, MicroStrategy purchased 15,400 more Bitcoin worth $1.5 billion, with the business’ stockpile of the token surpassing 400,000.
As of Tuesday afternoon, Bitcoin’s value hovered around $95,000, though Saylor has expressed that he believes the cryptocurrency will soon hit the $100,000 mark.
“I’m planning the $100,000 party,” Saylor recently told CNBC.
