The Microsoft Bitcoin meeting is reportedly happening today (10 December 2024). This could possibly be the most important Bitcoin-related meeting before the year ends and it could potentially be the next major catalyst.

So, in this article we will take a look at why the Microsoft Bitcoin meeting is so crucial and what it could mean for the market. By the end of the article you should have really good idea of what the deal entails, how it will influence BTC price action.

The primary objective of the Microsoft Bitcoin meeting will be for Michael Saylor to attempt to convict Microsoft investors to embrace the cryptocurrency. Below is an X post detailing how the MicroStrategy chairman intends to achieve this.

https://x.com/BTC_Archive/status/1866458598538383686

Why now is the best time for the Microsoft Bitcoin meeting

Bitcoin already over a decade of Battle testing, hence it has had enough time for the technology to be tested and proven. The returns that it has achieved so far have been convincing enough for most investors.

Bitcoin ETF approvals in 2024 have also facilitated ample time to assess the level of institutional demand. ETFs in particular have contributed significantly to the bullish demand that prevailed so far in 22024. The long list of successes could help enforce the point during the Microsoft Bitcoin meeting.

Aside from institutional demand, the Trump administration is pro-crypto and this could pave the way for favorable crypto regulations. This may encourage companies like Microsoft to embrace the digital asset class.

Concerns about fiat currency deterioration also underscore a major point that may encourage investors to embrace alternative asset classes. Inflation has been a pain in the neck since 2020.

What to expect if the Microsoft Bitcoin meeting goes through

Some analysts believe that the market is on the cusp of another major Bitcoin catalyst if Saylor manages to convince the Microsoft investors. But what would that mean for the market? It would be the first time a mainstream company in the U.S adds BTC to their balance sheet.

Microsoft could invest its $80 billion cash pile that is losing value over time due to inflation. An impressive figure but it also underpins the potential to attract more companies towards the same direction. This could pave the way for a tsunami of institutional demand that could turn BTC price parabolic in the long run.

As far as the short term is concerned, the market will likely react positively to a positive outcome to the Microsoft Bitcoin meeting. This could potentially trigger another short term reaction in the form of a rally. Such an outcome would also encourage more HODLing rather than short term profits. This is because the expectations of more liquidity could indicates more potential gains in the long term.

Conclusion

Bitcoin has for the most part experienced rallies that occur after major catalyst events. That has been the case so far in 2024. Hype around ETFs led to a rally, Trump announcing his pro-crypto plans, and his presidential win were also significant moments for the bulls.

A successful endeavor by Saylor in the Microsoft Bitcoin meeting could therefore be a bullish event that may result in a significant rally. This comes at a time when the cryptocurrency has been pulling back from its previous rally and all-time high above $100,000.

It stands to reason that this potential catalyst could potentially trigger enough demand to possibly rally above $110,000. It is also worth noting that an opposite outcome could occur. Also, this information does not necessarily guarantee expected results and is thus not financial advice. Other influences happening this December may yield different outcomes. As always, personal due diligence is essential.

 

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