Microsoft Bitcoin: The news from the Tech Giant Microsoft this week almost collapsed the Bitcoin and crypto market. The Microsoft announced, due to the unstable value of Bitcoin, they are no longer a payment medium. This statement along with the China banning Bitcoin mining made a hard hit on the crypto market as all the top cryptocurrencies got crashed in their market value.
The good news is, they have restored the Bitcoin (BTC) payment mode now. A spokesperson confirmed this, “We’ve restored bitcoin as a payment option in our store after working with our provider to ensure lower bitcoin amounts would be redeemable by customers”. This is a huge news for the Bitcoin investors as they believe the market will go up in the upcoming days.
Many nations are still thinking about regulating the Bitcoin and all altcoins cryptocurrency trading. What do you think about this move? Will it be a healthy move or it will crash the decentralized crypto market? Comment your thoughts below.