MicroStrategy chairman Michael Saylor urges Microsoft to embrace Bitcoin, predicting $5T boost
Michael Saylor, the Bitcoin enthusiast and chair of MicroStrategy, recently delivered a compelling three-minute presentation to Microsoft’s board of directors. In his pitch, Saylor argued that embracing Bitcoin could boost Microsoft’s market capitalization by almost $5 trillion, increasing its stock price by hundreds of dollars.
My 3-minute presentation to the $MSFT Board of Directors and @SatyaNadella, articulating why the company should do the right thing and adopt #Bitcoin. pic.twitter.com/aHp91V9Slz
— Michael Saylor
(@saylor) December 1, 2024
Saylor stated that Microsoft “can’t afford to miss the next technology wave and Bitcoin is that wave.” The billionaire added that the cryptocurrency represents “the greatest digital transformation of the 21st century.”
He claimed that this approach could unlock trillions in enterprise value while safeguarding shareholder interests.
In his presentation, he predicted that if Microsoft embraced Bitcoin and the cryptocurrency reached $1.7 million per coin by 2034, the company’s market value would soar. Currently, Microsoft holds a $3.18 trillion market cap, ranking just behind Apple and Nvidia.
Bitcoin is set to become one of the largest assets globally, potentially capturing $280 trillion of global wealth within the next 20 years, surpassing gold and art, which are projected to account for $45 trillion and $110 trillion, respectively. Currently, Bitcoin ranks as the sixth-largest asset by market capitalization and is on pace to overtake Alphabet, the parent company of tech giant Google.
Consequently, Saylor argued that Microsoft “should be powered by digital capital,” as Bitcoin and other forms of digital capital is “economically” and “technically” superior to physical capital.
Is Microsoft buying Bitcoin?As reported by ReadWrite, Microsoft shareholders are set to vote in December on a proposal urging the company to evaluate investing in Bitcoin, a move led by the National Center for Public Policy Research (NCPPR).
While Microsoft’s board recommended against the proposal last month, the NCPPR cautioned that the company’s refusal to explore digital investments could expose it to shareholder litigation if the coin’s value significantly increases.
The NCPPR stated that MicroStrategy outperformed Microsoft by over 300% with its Bitcoin accumulation strategy. It also pointed out that “despite doing a fraction of the business” of Microsoft, it had managed to outdo the tech giant.
Featured image: Canva / ReasonTV via YouTube
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