Microsoft’s Stand on Bitcoin: A Turning Point or a Missed Opportunity?
On December 10, Microsoft (NASDAQ: MSFT) captured the attention of the cryptocurrency world when its shareholders decisively voted against investing in Bitcoin (BTC), a move strongly advocated by MicroStrategy’s Michael Saylor. This decision created ripples across the market, yet it had minimal immediate impact on Microsoft’s stock value. On the other hand, Bitcoin experienced a brief decline, but its recovery was swift and notable.
Microsoft’s Stance: An Expected Move?
For those familiar with Microsoft co-founder Bill Gates, this decision came as no surprise. Gates has long been critical of Bitcoin, maintaining a skeptical stance towards the cryptocurrency. Back in early May 2018, Gates made waves by expressing his willingness to short Bitcoin, if given the opportunity.
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Analyzing the Potential: Going Long on Bitcoin
The long-term effects of Microsoft’s decision remain to be seen. However, Gates’ critical view of Bitcoin seems to have been a miscalculation, at least in hindsight. During his 2018 comments, Bitcoin was valued at $9,373. Fast forward to December 13, 2024, and Bitcoin’s price soared to $100,273.
This remarkable 969.8% increase signifies that an investor who went long on Bitcoin with an initial $1,000 investment when Gates recommended shorting would now possess $10,698.07. Essentially, they would have gained a profit of $9,068, simply by taking a position contrary to Gates’ perspective.
Forecasting Bitcoin’s Future: What Lies Ahead in 2025?
Looking to the future, numerous on-chain analysts and the broader cryptocurrency community are optimistic about Bitcoin’s trajectory in 2025. The prevailing sentiment suggests that Bitcoin is just beginning its upward journey in the current bull cycle. Although surpassing the $100,000 mark was a significant milestone, many believe it’s merely the starting point.
In recent discussions, the $250,000 price target for Bitcoin in 2025 has gained traction. Esteemed investors, authors, and renowned Wall Street analysts have identified this as a realistic goal. For instance, Robert Kiyosaki, the author of ‘Rich Dad Poor Dad’ and a fervent Bitcoin advocate, has forecasted such an upward trend. More surprisingly, even Tom Lee from Fundstrat has echoed this prediction.
If this ambitious price target is achieved, investors who doubted Bill Gates and invested $1,000 in 2018 would see their funds grow to $26,672.36 by next year.
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