Microsoft Has No Plans To Invest In Bitcoin

After Tesla bought $1.5 bln of bitcoin, many in the crypto community expected other Fortune 500 companies to follow suit soon. Apple, Oracle and Microsoft were expected to be next. However, according to Microsoft President Brad SMITH, the tech giant is unlikely to invest in bitcoin anytime soon.

During a recent interview with CNN, Brad Smith revealed that the company has not yet made any changes to its investment policy and Microsoft has no immediate plans to invest in the digital asset. It should be noted that, unlike Microsoft, there may be other companies more inclined to invest in cryptocurrencies, especially since most of them seek to minimize any risk of losing their income.

Yesterday, the leading cryptocurrency of the market broke the $50,000 level and reached a new all-time high of $50,341. At the time of writing, bitcoin is trading at $51,244.

Image: Forbes