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The price of Bitcoin reacts downward after hearing this news.
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In general, the majority expectations were that “no” would win.
The Microsoft Shareholders’ Meeting would have voted that they will not evaluate the investment in bitcoin (BTC).
This is reported by the portal dbnewswithout revealing what their sources are. As of this publication, there is no official statement from Microsoft announcing this decision.
Let us remember that, as CriptoNoticias had reported, the software development company I would vote todayat its shareholders meeting, whether the possibility of investing in bitcoin would be evaluated (or not).
As can be seen in the following image, bitcoin price reacts accordingly:
BTC price so far this day. Source: TradingView.
The decision, while it can be considered bad news for bitcoin, it’s not a surprise. On the betting portal Polymarket most bettors I expected for what finally happened to happen.
A wasted opportunity for Microsoft
Microsoft’s board just said “no” to Bitcoin, but is it really as bad as it sounds? For BTC enthusiasts, this could be seen more as a small bump on the road to mass adoption than the end of the road.
Microsoft, a giant in the technology industry, has chosen to put aside, at least for now, the possibility of adding the most coveted digital asset in the world to its portfolio.
But now, as Microsoft refuses to get into the bitcoin game, other players are ready to say “yes” and take the prize.
And we are not only referring to giant investors, but also to retailers. Every time the BTC price stumbles, astute investors rub their hands.
History has shown us that bitcoin is like a phoenix that rises again and again from its “ashes”; each fall is usually followed by an even more impressive rise. So is this price drop an alarm signal or a starting bell for runners ready at the starting line?
Historical bitcoin price chart. Source: TradingView.
Looking at the long term always reveals more than the alarming headlines can offer. This minor setback with Microsoft could be just another data point on Bitcoin’s upward trend chart. Those who play the long game know that patience and perspective are essential.
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