U.Today – As U.Today reports, Microsoft (NASDAQ:) shareholders are preparing for a December vote on a proposal to diversify the company’s balance sheet by including a major cryptocurrency (BTC). This development is generating interest in the space as cryptocurrency enthusiasts consider the ramifications of such a decision.
Anthony Pompliano reacted to the news by pointing out that Microsoft’s consideration of Bitcoin comes from a broader recognition that holding cash in dollars may not be sustainable in the long term. Cryptocurrency is becoming more and more attractive as a digital store of value, says the entrepreneur, as more entities look for ways to save the value of their assets in the face of uncertain assumptions about inflation.
Previously, Pompliano expressed confidence that as awareness of Bitcoin’s potential continues to grow, Wall Street will eventually appreciate the opportunities the cryptocurrency presents. All this would result in a significant inflow of capital into Bitcoin, which would further enhance the price of Bitcoin, he assured.
The potential for Microsoft, currently the world’s third-largest company, to follow in the footsteps of industry players such as MicroStrategy is still up for debate as the decision to adopt a Bitcoin strategy remains uncertain.
Stick to the circle
Although the company’s interest is obvious, the management board has officially recommended voting against this initiative.
The proposal, presented by the National Center for Public Policy Research (NCPPR), states that corporations have a fiduciary duty to protect shareholder value from economic failure. This raises questions about the company’s stance on integrating Bitcoin into its current vision.
