Microsoft Bitcoin Proposal: Key Vote on December 10, Is BTC Expected to Break $100,000 by Year-End?
Market Background: Bitcoin's Volatility Sparks Attention!
On December 2, the price of $BTC experienced significant fluctuations, dropping from a high of $98,000 to $94,872, with a single-day pullback exceeding $2,000. This drastic adjustment not only heightened market tension but also sparked intense discussions around Bitcoin. The viewpoints of some notable figures have once again become the focus, such as the pessimistic forecast from Robert Kiyosaki, author of 'Rich Dad Poor Dad', who believes Bitcoin may face short-term risks, putting some pressure on market sentiment.
However, the real 'explosive point' in the market may be revealed on December 10: Microsoft will vote on a proposal to 'evaluate investing in Bitcoin' at its annual shareholder meeting. This decision is expected to become a turning point for Bitcoin's price.
Potential Impact of Microsoft's Proposal:
1️⃣ Catalyst for $BTC to Break $100,000
As a giant in the tech industry, if Microsoft passes this proposal and includes Bitcoin on its balance sheet, it would not only provide endorsement for mainstream institutional investments but may also encourage other large companies to follow suit. This move would significantly increase market demand for Bitcoin and enhance global acceptance of it.
2️⃣ Acceleration of Bitcoin Institutionalization Trend
From pioneers like Tesla and MicroStrategy to potential new entrants, if Microsoft ultimately implements Bitcoin investment, it will further solidify the dominance of institutional investors in the cryptocurrency market.
3️⃣ Repair and Enhancement of Market Sentiment
Currently, although prices are fluctuating, Microsoft's positive signal may reshape investor confidence and attract more funds into the market.
Current Market Observation and Outlook:
Short-term Support Levels and Strategies:
Before the proposal voting results are announced, Bitcoin prices may continue to oscillate around the $94,000 to $96,000 range, and if the proposal passes, prices could quickly target the psychological barrier of $100,000.
Long-term Layout Opportunities:
Regardless of whether the proposal passes, the trend towards institutionalization is already set. Microsoft's potential entry will further drive the maturity and growth of the market.
Do you think Microsoft will support this Bitcoin proposal? Is $BTC expected to break $100,000 by year-end? Feel free to share your views in the comments section!