A recent poll conducted by Polymarket has revealed that bettors assign only a 10% probability that Microsoft shareholders will back Michael Saylor’s proposed bitcoin investment strategy. This prediction highlights the skepticism among investors regarding the tech giant’s potential adoption of cryptocurrency in its investment portfolio.
Polling Insights: Microsoft Shareholders’ Stance
According to the Polymarket poll, the decisive vote on Microsoft’s bitcoin investment plan is scheduled for December 10. Yet, the sentiment among bettors indicates a minimal likelihood of approval. Only 10% of participants in the poll believe that Microsoft’s long-time shareholders will support the initiative.
One commenter on Polymarket articulated a common concern, questioning why Microsoft would choose to invest 1% of its assets in bitcoin when its stock could potentially surge by 50% independent of it. “MSFT stock is in a long consolidation, and BTC adoption is a mega bullish driver for Microsoft,” the commenter noted.
Another user expressed doubt about the necessity of Microsoft’s investment in bitcoin, suggesting that institutional investors could simply purchase bitcoin directly instead of complicating their asset portfolios by mixing stable investments like MSFT with inherently volatile ones like bitcoin.
Michael Saylor’s Advocacy for Cryptocurrency Adoption
The conversation around Microsoft’s potential Bitcoin investment has been reignited by a proposal from the National Center for Public Policy Research made in October, advocating for the inclusion of cryptocurrencies in Microsoft’s long-term investment strategy.
Michael Saylor has taken a leading role in promoting this idea. On December 1, he shared an impassioned appeal to shareholders and CEO Satya Nadella via X, presenting his reasons for why Microsoft should adopt Bitcoin. In his three-minute presentation, Saylor urged Microsoft over the importance of doing the right thing not just for its shareholders, but also for customers and the broader world, stating, “Adopt Bitcoin.”
MicroStrategy’s Bitcoin Success Story
Saylor’s own company, MicroStrategy, has significantly benefited from its investments in bitcoin, especially after the post-election surge in 2020. The firm’s stock has outperformed the S&P 500 index and has seen nearly a 500% increase in value this year alone.
In a recent CNBC interview, Saylor expressed his bullish outlook on bitcoin, noting, “We’re making $500 million a day.” He described a thriving market environment in which they are occasionally selling dollar bills for $3, emphasizing the rapid growth of their operations. Just this week, MicroStrategy made headlines by purchasing another 15,400 bitcoin at a cost of $1.5 billion, bringing its total bitcoin holdings to over 400,000.
As of Tuesday afternoon, bitcoin’s price was approximately $95,000, although Saylor is optimistic that it will soon reach the $100,000 milestone. “I’m planning the $100,000 party,” he shared during the interview, further underscoring his bullish stance on the cryptocurrency market.