Bitcoin (BTCUSD) has had a tremendous 2024. Propelled by President-elect Donald Trump's support for the cryptocurrency and his plans to build a strategic reserve of BTC, Bitcoin has rallied 140.8% on a year-to-date basis, comfortably outperforming the S&P 500 Index ($SPX) and the Nasdaq Composite Index ($NASX).
However, to “convert your cash flows and your dividends and your buybacks and your debt into Bitcoin” seems to be a somewhat far-fetched proposition. Yet, that's exactly what MicroStrategy (MSTR) Executive Chairman Michael Saylor has advised Microsoft (MSFT) to do. Saylor believes this will add trillions of dollars in market cap to Microsoft and may just be the next frontier of growth for the software giant.
