and they still said no? To the biggest and most respected asset
manager in the world? I don't know what else to call that but stupid.
Microsoft didn't become the successful company we know them to be today by making stupid decisions, the only reason why you think this is stupid is because you are a bitcoiner and this is BTC forum.
In some other forum that's not crypto related, they may not think the way you are doing right now. What you are saying right now is as similar as saying that any individual who has funds to invest, but has not invested in BTC is stupid, but that is not true, there are a lot of successful men who don't want to go anywhere near BTC, let's leave them alone.
Their reason is somehow valid since we cannot deny the fact that Bitcoin is volatile asset. Maybe for now they don't want to deal with it especially that for them what they know Bitcoin is risky asset because they don't know what to do aside for buying it. If this is what they like to happen then be it, for sure it cannot affect on Bitcoin. People should focus on those company who show interest since this is the best to discuss rather than those companies not interested on Bitcoin.
People here have biases since its undeniable that Bitcoin is great and maybe they are been hurt on why Microsoft denies it that's why they made those assumption. We can also see that those companies invest on Bitcoin already gain lots of profit. But for those who doubt they are sorry because they get nothing from this coin.