Today Microsoft officially joined the list of companies accepting Bitcoin payments.
According to BitPay chief commercial officer Sonny Singh,
“Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout.”
This could be a major event that pushes others to accept Bitcoin payments and propels the cryptocurrency toward mainstream acceptance. At the very least, in the immediate future, others may join suit just for the free press.
In lieu of these events, I bought $1000 worth of Bitcoin. I can’t recommend it as an investment, but I’m comfortable holding it for a while.