Not a very smart move. Larry Fink does not approve.
MS had tens of billions in cash to invest. Would it have killed them to allocate
just a tiny bit, maybe $10 million or so to bitcoin?
At this point, I believe they just did not want to be associated with bitcoin or crypto and all the ideologies that comes with it. Because with how big their company is, I am sure that they can afford to take a little bit of risks and not to mention that bitcoin has proven itself to be profitable despite being volatile. So that could only be the explanation.
I have noticed this too that the top companies in the world don't really want to associate with Bitcoin. They want to be separated to it and act that they are solid with or without riding the global trend of bitcoin. I do understand their thinking to not be affiliated to BTC, they would hold too many responsibilities in the future especially if they played it wrong. They're playing it safely, they're supporting it lowkey by integrating it or making it accessible to their platform but not really investing to it. I'm for sure they're missing out a lot in this one but since they want to prove their stand then it's fine, we have different