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What Happens to Bitcoin Price if Microsoft Shareholders Vote to Buy BTC?

Microsoft shareholders are set to vote on a proposal to invest in Bitcoin at the December annual meeting. While the board opposes the move, even the possibility has stirred excitement in corporate and crypto circles.

• Main Points:

  • Microsoft's Bitcoin vote: A proposal to invest in Bitcoin will go to shareholder vote on Dec. 10.

  • Potential $7.6B investment: A 10% Bitcoin allocation could equal $7.6 billion, or 104,109 BTC.

  • Supply shock concerns: Limited BTC supply could lead to a price surge if Microsoft invests.

  • Board’s stance: Microsoft’s board recommends against the proposal due to BTC volatility.

• Detailed Insights:

  • Microsoft's Bitcoin vote: Shareholders will vote on whether Microsoft should consider a Bitcoin investment. Although advisory, the proposal reflects rising interest in corporate BTC investments.

  • Potential $7.6B investment: With $76 billion in cash, even a modest 10% allocation to Bitcoin could make Microsoft one of the largest BTC holders.

  • Supply shock concerns: Bitcoin supply is limited, with over 80% held long-term. A Microsoft buy-in could drive prices higher amid reduced supply.

  • Board’s stance: Citing volatility, the board opposes the move, though shareholder interest underscores Bitcoin’s growing corporate appeal.

Related: Why Is Bitcoin Price Up Today?

While Microsoft may not adopt Bitcoin soon, the proposal highlights Bitcoin’s increasing appeal among institutional investors, signaling potential shifts in corporate investment strategies.

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BRICS Opposes Western Currency Dominance, Open to Cooperation

BRICS leaders have criticized the West’s economic dominance, condemning the use of reserve currencies as “weapons” while clarifying that BRICS is not an anti-Western alliance.

• Main Points:

  • BRICS stance on cooperation: BRICS is open to working with Western countries but opposes economic dominance.

  • Currency control criticism: BRICS condemns the West’s use of reserve currencies to maintain global control.

  • Economic sovereignty: BRICS vows to protect member nations’ economic independence.

  • Multipolar vision: BRICS promotes a world order with equitable financial and trade opportunities for all.

• Detailed Insights:

  • BRICS stance on cooperation: Russian Deputy Foreign Minister Sergey Ryabkov stated that BRICS is not anti-Western and welcomes cooperation, as reiterated by President Putin.

  • Currency control criticism: Ryabkov criticized Western nations’ reliance on reserve currencies to sustain dominance, describing these tactics as economic “weapons.”

  • Economic sovereignty: BRICS leaders emphasized that the alliance will not tolerate threats to member nations' sovereignty in economic and financial policies.

  • Multipolar vision: Advocating for a multipolar world order, BRICS seeks fair global participation in shaping finance and trade policies.

Related: Wall Street to Surpass Satoshi as Top Bitcoin Holder in 2024 — $200K BTC Expected by 2025

BRICS’ message is clear: while open to cooperation, the alliance aims to redefine global economic dynamics by prioritizing sovereignty and balanced power.

Tether-WSJ Fallout Leads to $400M in Liquidations as Bitcoin Drops $3K in Minutes

Bitcoin’s sudden $3,000 drop, triggered by a controversial report on Tether, led to over $400 million in liquidations, impacting thousands of over-leveraged traders.

• Main Points:

  • WSJ-Tether controversy: A Wall Street Journal report claimed Tether is under U.S. federal investigation for potential AML and sanctions violations.

  • Immediate Bitcoin dip: Bitcoin fell from $69,000 to $65,500, impacting crypto markets broadly.

  • $400M in liquidations: Daily liquidations reached $405 million, with altcoins leading at $100 million.

  • Tether’s response: CEO Paolo Ardoino denied the allegations, calling them “old noise.”

• Detailed Insights:

  • WSJ-Tether controversy: The WSJ alleged an investigation into Tether’s involvement in possible AML and sanctions violations. Tether’s CEO, Paolo Ardoino, refuted the claims, saying Tether “regularly works with law enforcement to prevent misuse.”

  • Immediate Bitcoin dip: Following the report, BTC dropped by $3,000 within minutes, briefly stabilizing at $67,000.

  • $400M in liquidations: CoinGlass reported that almost 150,000 traders were affected, with Bitcoin and Ethereum accounting for $68M and $65M in liquidations, respectively.

  • Tether’s response: Ardoino asserted that Tether remains committed to regulatory compliance, describing the claims as unfounded.

Related: ‘Unusually’ Large Bitcoin ETF Inflows Spark Concerns of BTC Price Decline

The incident reflects the sensitivity of the crypto market to regulatory concerns, as traders remain vigilant in a volatile environment.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results