Tech Titans Snub Bitcoin: Strategic Masterstroke or Short-Sighted Blunder?

Meta, Microsoft, and Amazon just slammed the door on crypto’s golden child—was it a cold-blooded power play or corporate cowardice?

The Big Tech Exodus

While Wall Street hedgies yolo into ETFs, Silicon Valley’s elite treat Bitcoin like a radioactive IPO. No explanations, no half-measures—just a clean break from digital gold.

Follow the Money (Or Lack Thereof)

Funny how these ’innovators’ suddenly develop risk aversion when quarterly earnings loom. Meanwhile, Bitcoin miners laugh all the way to the energy grid.

One thing’s clear: when tech giants zig, the smart money zagged years ago.

Bitcoin is not gaining traction among major firms

Bitcoin has recently gained attention as with more and more companies increased their positions. One of them is GameStop, which invested $519 million in BTC. However, as many have pointed out, most of the companies doing big Bitcoin plays tend to struggle in their Core business, with GameStop being no exception.

In many cases, these companies are hoping that speculative interest around Bitcoin could boost their stock price. However, in GameStop’s case, the success was momentary, with its share price falling from a high of $35 shortly after the acquisition.

For successful businesses like Meta, Bitcoin is a less compelling buy. For Meta investors, including investment giants like BlackRock, Vanguard, and Fidelity, traditional risk management is sufficient. On the other hand, Bitcoin is still seen as too risky to hold.