All eyes are on Bitcoin (BTC) and the young altcoin JetBolt (JBOLT) with the recent developments surrounding these two cryptocurrencies.
This week, market watchers and enthusiasts were taken aback when Microsoft’s board firmly rejected the Bitcoin reserve proposal. Following this news about Microsoft’s “no” to the crypto giant’s proposal, the price of Bitcoin showed slight fluctuations.
Meanwhile, as Bitcoin faces this roadblock, JetBolt captures the interest of blockchain whales and buyers for its recent milestone. The young presale coin JetBolt has sold over 150 million tokens since its debut. Is there a secret sauce in JetBolt’s growing popularity and rising token sales? And what’s next for Bitcoin after stumbling on Microsoft’s rejection? Read on to find out.
What’s Next for BTC After Microsoft Turns Its Back on Bitcoin Reserve Proposal?
Microsoft shareholders voted against a proposal to channel part of the company’s profits into investing in Bitcoin during a meeting on December 10.
The said proposal was introduced by the National Center for Public Policy Research (NCPPR), an institution that supports free-market policy. The organization proposed that Microsoft invest between 1% and 5% of its revenues in Bitcoin (BTC).
Before the voting, Bitcoin supporter and MicroStrategy CEO Michael Saylor said Bitcoin could help add an astounding $5 trillion value to Microsoft. However, the tech company decisively opposed the proposal, citing the intrinsic volatility of crypto assets like BTC and emphasizing that such an investment does not align with the company’s strategic objectives.
Bitcoin’s 7-day price chart on CoinMarketCap shows BTC price plummeted to $94,000 before stabilizing at its current price of around $100,000
Microsoft’s decision to turn down the reserve proposal mirrors the stance of the company’s co-founder Bill Gates on crypto assets. Back in June 2022, Gates criticized the speculative nature of cryptocurrencies at a conference.
Following the news about Microsoft’s dismissal of the proposal, BTC dropped to around $94K on December 11 but has recovered and reclaimed six figures with its press time price at approximately $100K.
JetBolt (JBOLT) Soars as Crypto Whales Accumulate More Tokens
While Bitcoin’s price reacted negatively to this week’s development, young altcoin JetBolt (JBOLT) is also turning heads because of its explosive presale momentum. With over 150 million tokens sold since its presale began, it’s no surprise that JetBolt is becoming the talk of the town.
Zooming into JetBolt, this blazing newcomer is more than just its skyrocketing presale figures; it offers features that could magnetize blockchain whales and buyers.
At the center of JetBolt’s game-changing features is zero-gas technology, which is deemed beneficial for users who make frequent crypto transactions. Through zero-gas technology, users no longer have to be inconvenienced by paying hefty gas fees for their blockchain transactions.
But zero-gas technology not only helps users—it could also empower developers. With this high-tech feature, they can easily build a wide range of innovative and useful blockchain applications without paying costly gas fees.
Beyond the seamless and gas-free transactions, JetBolt offers crypto users and developers, this next-gen altcoin also injects fun and excitement into otherwise serious and intimidating crypto-staking activity. Stakers can potentially earn bonus rewards when they connect with friends on JetBolt’s crypto beginner-friendly staking platform.
That’s not all. Exciting early-bird advantages are another potential reason blockchain whales and crypto buyers eagerly jump to scoop up JetBolt (JBOLT) tokens. Early purchasers can enjoy as much as 25% extra tokens when they avail themselves of Alpha Boxes or tokens in batches.
JetBolt’s soaring presale token sales, innovative features, and presale perks make it one of the noteworthy rising stars in the Web3 space today.
Conclusion — Bitcoin Reserve Plan Rejection and JetBolt’s Presale Momentum
Microsoft’s decision to reject the Bitcoin reserve plan reflects the cautious reality of mainstream adoption. However, despite this setback on potential corporate adoption, Bitcoin still dominates as the largest crypto asset based on market capitalization. Meanwhile, JetBolt’s astonishing presale signals the increasing interest in fresh tokens championing real innovation. As whales and buyers flock to JetBolt, the stage is set for this young crypto’s thrilling chapter.
Discover more about JetBolt’s exciting features and ongoing presale. Check out the official JetBolt website today.
This written piece does not offer any financial advice. Always conduct extensive and independent research before engaging with any cryptocurrency. Remember, all crypto assets carry inherent risks and can be highly unpredictable.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
