Key Points:
Read more: XRP Market Cap Now Surpassed BNB To Become The 5th Largest Coin
During his three-minute speech, Saylor emphasized the transformative potential of Bitcoin, which he described as the “core opportunity” of the next wave of technological innovation.
The MicroStrategy executive chairman flashed slides that showed Bitcoin’s market capitalization rising from $2 trillion to $280 trillion by 2045, giving it a sizeable chunk of the $900 trillion global asset market. He emphasized how Bitcoin is an ultra-performing asset in front of all other traditional instruments of finance, with higher annualized returns and lower counterparty risks.
Among his suggestions, Saylor called for Microsoft to budget for Bitcoin investments, which, he said, could displace traditional dividend and stock repurchase policies. He indicated this approach could increase its market capitalization by an additional $4.9 trillion by 2034.
The development follows Michael Saylor’s public appeal to Microsoft CEO Satya Nadella in October, offering to help generate a trillion dollars for shareholders through a Bitcoin-based treasury strategy.
Saylor’s pitch came amid news that Microsoft shareholders were set to vote on a proposal to explore Bitcoin as a reserve asset—a measure the board has recommended against.
Market analysts say institutional shareholders like Vanguard, BlackRock, State Street, and Fidelity may have a say in Microsoft’s decision. Though the board opposes it, Saylor’s advocacy lends momentum to the discussions on Bitcoin’s role in corporate finance.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Qubetics’ QubeQode IDE (Integrated Development Environment) is a revolutionary platform designed to simplify blockchain development.
MicroStrategy Extends Bitcoin acquisitions to a ninth week, showcasing steadfast confidence in cryptocurrency with its…
MEXC, a global leader in cryptocurrency trading platforms, has launched euro (EUR) support for its…
Solv Protocol’s Megadrop launch, scheduled for January 7, 2025, allows participants to earn up to 4.7…
Discover how Qubetics, Filecoin, and Cosmos are reshaping blockchain with innovation, tokenisation, and connectivity. The…
Hierarchical task network integration enables Eliza v2 to manage complex, long-term objectives through sophisticated task…
This website uses cookies.