cryptojournalist
The National Center for Public Policy Research (NCPPR), a conservative think tank, reports that Bitcoin mining has significantly outperformed Microsoft since 2019.
MicroStrategy’s Impressive Returns
In a recent pitch to Microsoft, NCPPR highlighted how MicroStrategy’s investment in Bitcoin has paid off, boasting returns over 300% this year. This is quite remarkable, especially considering that MicroStrategy operates on a much smaller scale than Microsoft.
Increasing Corporate Adoption of Bitcoin
The report also points out a growing trend of companies and institutions adopting Bitcoin, particularly with the introduction of spot Bitcoin exchange-traded funds (ETFs). This shift suggests that more businesses are starting to see the value in Bitcoin.
Bitcoin’s Current Market Price
Right now, Bitcoin is trading at $67,035. It’s down 8.8% from a recent high of $73,562, where it was close to reaching an all-time peak just a week ago.
