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Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
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Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Microsoft conducts poll, wants to know if you use Bitcoin

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
bitcoin trillion dollar market cap

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As part of an internal program, Microsoft has asked its users for their payment preferences. In a poll shared on Bitcoin’s subreddit (r/bitcoin), a user named “Jebusura” reported that the software company began polling for alternative payment methods. Microsoft asked the follow giving BTC as an option:

Which of these other payment methods would you like to use on Xbox?

Microsoft’s goal is to determine whether users would be comfortable paying for the Xbox gaming platform’s online store services with Bitcoin. The software company included BTC as a payment option for Windows apps and Xbox games in 2014.

Other users subsequently reported that this program was stopped. The software company reportedly resumed accepting payments with Bitcoin earlier this year for items in the Microsoft Store. This internal Xbox program appears to be an expansion of that first initiative.

Bitcoin BTC
Source: Reddit

Microsoft will not buy Bitcoin like Tesla

The last major company to accept Bitcoin as a payment method was Tesla. The automobile company led by Elon Musk included the cryptocurrency as a payment method in mid-February. The company added Bitcoin as part of its balance sheet and boosted the cryptocurrency price to $58,000.

Unlike Tesla‘s CEO, former Microsoft CEO Bill Gates has an ambiguous position on the cryptocurrency. Gates has expressed concerns about the energy consumption of the Bitcoin network.

Both Gates and current Microsoft CEO Brad Smith have denied that the company will follow in Tesla’s footsteps about adopting BTC in its treasuries.

Bitcoin has performed negatively during the day, after a weekend moving sideways. BTC is trading at $54,600 and has lost key support at $55,000. Therefore, the price could continue to drop towards the low range of $50,000.

Analyst firm Glassnode has recorded strong support for Bitcoin from retail investors. In a report, Glassnode stated:

The persistent accumulation of small holders demonstrates a willingness to HODL through volatility with the trend unbroken from mid 2018 through the chaos of 2020. We also see a large swelling of 0.1 to 1 BTC holders immediately following the March 2020 Black Thursday sell-off. Despite a small degree of spending in the rally up to $42k, ‘sat stackers’ are back at an all-time-high of holdings.

Bitcoin BTC
Bitcoin losses key support in the 24-hour chart. Source: BTCUSD Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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