Microsoft Chief Yesil Gives Bitcoin Green Light

In an interview with CNN's Julia Chatterley, Brad Smith said Microsoft should reconsider its Bitcoin Investment Policy.

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Microsoft President Brad Smith has indicated that the company will not oppose a possible Bitcoin investment decision.

Brad Smith, president of Microsoft, the second-largest U.S. company, has now announced that the company's board has no short-term plans to invest in Bitcoin.

Brad Smith Talks Microsoft Investment Policy

In an interview with CNN's Julia Chatterley, Brad Smith said Microsoft should reconsider its Bitcoin Investment Policy.

President Smith was asked if Microsoft had any plans to invest in Bitcoin (BTC) or other cryptocurrencies after Tesla's $ 1.5 billion acquisition of BTC. Smith stated that he was not aware of such a thing:

I haven't heard any new conversations about Bitcoin. But I want to point out, Julia, if we go to a policy change about Bitcoin, you'll be the first person to hear about it, or at worst, the second person.

Bitcoin outpaces big companies by market capitalization

Bitcoin's current market capitalization on the upward momentum has outpaced many of the world's largest U.S.-based companies. In addition, Bitcoin has overtaken Tesla on the market cap scale, which has made a sound Bitcoin investment of $ 1.5 billion. In addition, Tesla's current market capitalization is $ 796 billion.

Bitcoin has seen more than $ 51,000 today, hitting a historic record on February 17, 2021. Bitcoin's market value is currently about US $ 960 billion. But for Bitcoin to surpass Microsoft, it needs to double its market value. Microsoft's current market capitalization is about $ 1.8 trillion.

In addition, on February 12, JP Morgan co-chairman Daniel Pinto announced that the company would offer Bitcoin services due to the intense interest in cryptocurrencies. Previously, JP Morgan officials believed that increased BTC volatility with Tesla's $ 1.5 billion investment would not trigger the chain of similar investments that followed.

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