In this story, Bitcoin has reached a remarkable milestone of $100,000 and has received support from significant leaders like President-elect Donald Trump and Russian President Vladimir Putin. However, Microsoft (MSFT + 0.22%), a tech giant, is yet to determine whether to invest in this cryptocurrency. The company is set to make its decision on this Tuesday.

Microsoft's Cryptocurrency Dilemma - A Tuesday's Verdict

Bitcoin's Historic Milestone

Bitcoin has achieved a significant milestone by reaching $100,000. This achievement has garnered attention from around the world and has led to increased interest in the cryptocurrency. Prominent leaders such as President-elect Donald Trump and Russian President Vladimir Putin have shown their support for Bitcoin, further boosting its popularity.This historic milestone not only highlights the growing importance of Bitcoin in the global financial landscape but also raises questions about its future and potential. Many experts and investors are closely watching Bitcoin's performance and trying to understand its implications for the broader economy.

Microsoft's Decision on Tuesday

Microsoft, a leading tech giant, is set to make a crucial decision regarding Bitcoin this Tuesday. The company has yet to decide whether to invest in the cryptocurrency, despite Bitcoin's recent success and the support it has received from other leaders.This decision is significant not only for Microsoft but also for the broader cryptocurrency market. A favorable outcome for Microsoft could potentially lead to more traditional corporations and financial institutions investing in Bitcoin, further solidifying its status as a legitimate investment.On the other hand, a decision against investing in Bitcoin could send a signal that the company remains hesitant to follow the lead of other tech firms that have already made substantial investments in Bitcoin.

Shareholder Vote and Board's Stance

On December 10, shareholders of the tech giant will vote on whether Microsoft should publicly assess adding Bitcoin to its balance sheet. According to a filing with the U.S. Securities and Exchange Commission, the board has recommended voting against the proposal.The board has noted that Microsoft already evaluates a diverse range of investable assets, including Bitcoin, as part of its broader strategy. This stance aligns with the views of Microsoft co-founder Bill Gates, who has been vocal in his criticism of cryptocurrencies in the past, particularly highlighting concerns about their speculative nature.Despite the endorsement from a conservative think tank, the National Center for Public Policy Research, which advocates for Bitcoin as an “excellent, if not the best, hedge against inflation,” Microsoft's board of directors has remained steadfast against the proposal.

Implications for the Cryptocurrency Market

The upcoming vote is significant not only for Microsoft but also for the broader cryptocurrency market. A favorable outcome for Microsoft could further solidify Bitcoin's status as an appealing asset for traditional corporations and financial institutions.This could lead to increased acceptance of Bitcoin as a legitimate investment and potentially drive up its value. On the other hand, a negative outcome could have a negative impact on Bitcoin's market sentiment and lead to a decline in its value.For Microsoft, a decision to reject the proposal would signal that it remains hesitant to follow the lead of other tech firms, such as MicroStrategy (MSTR + 2.25%) and Tesla (TSLA + 5.28%), which have already made substantial investments in Bitcoin. Currently, MicroStrategy holds the largest corporate Bitcoin portfolio, with 402,000 coins valued at approximately $40 billion, representing a little less than 2% of the total Bitcoin supply.