Bitcoin’s current adoption levels continue to raise hope that soon, the cryptocurrency would be almost everywhere like traditional currencies.
In a muted move, U.S based internet company, Microsoft has integrated Bitcoin into its lists of currencies meaning that users can now use the cryptocurrency as a unit of account on the Microsoft Excel software.
A Twitter user, Dennis Parker was arguably the first to confirm the addition of Bitcoin to Microsoft excel, saying in a tweet on Monday,
New currency options in Microsoft Excel pic.twitter.com/nqjUcKGqzL
— Dennis Parker⚡️ (@Xentagz) May 27, 2019
With the new tool, users can easily prepare their profit and loss accounts on Microsoft Excel without having to use other spreadsheet packages. The addition will also come handy for those who use the software to calculate taxes on their Bitcoin transactions despite the high price volatility that characterizes the asset.
Meanwhile, the latest move by Microsoft adds up to other recent reports regarding mainstream companies that are now showing solidarity for Bitcoin and cryptocurrencies.
Last week, we reported that another U.S technology company, AT&T now accepts Bitcoin for its services while in March, the largest eCommerce store in Switzerland, Digitex Galaxus announced it currently accepts cryptocurrencies for payments above $200.
Bitcoin (BTC) Price Performance
Following Bitcoin’s big break yesterday above $8800, the dominant cryptocurrency is trading sideways in the last 24-hours with a price range between $8600 and $8800. The coin’s market cap at press time was just below $154 billion, representing a 56.3% share of the crypto markets value.
Analysts have different opinions regarding the next direction of prices when Bitcoin breaks through the current range, highlighting the fact that the new asset class remains mostly unpredictable. So it could be an upward or downward trend, and we’ll leave it to time to decide.