News Scrap

After Microsoft, the wave of Bitcoin adoption demand spread among Amazon shareholders.

In the present time, Bitcoin ($BTC) trade price is sharply increasing & in this phase, the majority of the non-crypto investors are trying to jump on the Bitcoin vehicle as soon as possible, as the level of FOMO (fear of missing opportunity) is increasing rapidly with Bitcoin trade price.

Through a new proposal, Amazon shareholders asked Amazon leadership to add Bitcoin to Amazon treasury funds. Shareholders stated that while Bitcoin is a volatile asset it will be beneficial for long-term holding & it will help to fight against the surging inflation.

A popular X (formerly Twitter) account, which shares information only related to Bitcoin, predicted that soon Apple shareholders will demand to buy Bitcoin.

In response, Binance co-founder & former CEO Changpeng Zhao (CZ) said that they should simply start accepting Bitcoin payments.

Microsoft to buy Bitcoin

As we know, in the last two months, Bitcoin advocates provided multiple beneficial factors for Microsoft leadership to consider investing in Bitcoin, following a demand by the shareholders.

Reportedly Microsoft’s shareholders are voting soon on whether to add Bitcoin to their balance sheet.

FOMO to adopt Bitcoin

The increasing FOMO level for Bitcoin adoption is devoted to the high returns that US-based Nasdaq intelligence firm Microstrategy secured.

Microstrategy started buying Bitcoin in 2020 under the leadership of its former CEO, Michael Saylor. So far, this company has purchased a net of 402,100 BTC. Currently, the company has an unrealized profit of $16.59 billion.

Because of investment & big gain in Bitcoin, MicroStrategy’s stock, $MSTR, also surged multiple folds over the last 4 years.