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The price of Bitcoin could soar or crash, depending on the outcome.
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A positive result does not imply that Microsoft will invest in bitcoin, but rather that it will evaluate it.
A day of high volatility is possible today, December 10, for the price of bitcoin (BTC) according to the outcome of an event expected by the market. This is the annual meeting of Microsoft shareholders.
At this meeting, shareholders must vote for or against various proposals, one of them being whether they should consider investing in bitcoin. The meeting will start at 16:30 GMT.
Given that Microsoft is one of the most valuable companies in the world, with a market capitalization of more than $3 trillion, it could become one of the companies with the most bitcoin just by investing in the currency once. minimal part of reserves. That is why its purchase volume would imply strong upward pressure on the price.
The entry of an actor like Microsoft into the bitcoin market could lead to other companies deciding to do the same. This would be a significant event in institutional adoption.
In this sense, the market has been considering this possibility with optimism. The fact that the debate of whether or not to invest in bitcoin is raised in a renowned company like Microsoft demonstrates the growing interest in the currency.
Faced with such expectations, in the midst of a favorable scenario for the market, with interest rates falling in different countries and a “pro-Cryptocurrency” president-elect in the United States, bitcoin reached a new all-time high last week, close to USD 103,000. .
However, it should be noted that Microsoft’s shareholder meeting has recommended voting against the bitcoin investment evaluation proposal. Around it, the likelihood of the initiative moving forward seems slimprecisely 12% according to the bets on the platform Polymarket.
Bets on Polymarket on whether Microsoft shareholders will vote in favor of investing in bitcoin. Source: Polymarket.
When will it be known if Microsoft will evaluate whether to invest in bitcoin?
The outcome of Microsoft’s shareholder vote on the proposal could take time to be known. This is because may be announced through filings with the Securities and Exchange Commission (SEC) or an official company statement. However, leaks of the verdict are likely to emerge sooner.
“It is very bullish for the price of bitcoin,” commented the Colombian analyst Juan Rodríguez in case the vote is positive. However, he maintained that it is most likely that it will be negative according to the recommendations of the board of directors. Therefore, he warns that This is a short-term bearish milestone.
In any case, given the general optimistic context of the market, the analyst expects the price to recover over time. He further argues that It is expected that in April 2025, the shareholders of the giant company Amazon will also vote on whether they should evaluate investing in bitcoinsomething that will generate bullish expectations, especially if it turns out to be affirmative.
Beyond that, it is essential to know that, in the event that Microsoft and/or Amazon shareholders vote in favor of evaluating whether to invest in bitcoin, this does not involve the immediate purchase of the currency by the company. It just means that they would go on to discuss later whether to make an investment in the asset or not.
In this sense, even in an affirmative case, they could later decide not to invest once the evaluation is done. Therefore, it is crucial for market operators to consider a risk plan around possible scenarios.
Something to also keep in mind is that, In case the discussion progresses and the company decides to buy bitcoin, the investment could be delayed in time. Therefore, it will not imply upward pressure on the price on your part until it is done.
Although, in the meantime, if it takes this course, the general demand for the currency could increase and, therefore, the price will skyrocket around positive expectations.
Disclaimer: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of CriptoNoticias. The author’s opinion is for informational purposes and under no circumstances constitutes an investment recommendation or financial advice.
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