QCP Capital posted on its official channel that during the Thanksgiving weekend, driven by the Bitcoin investment strategy presented by Michael Saylor to Microsoft, the Bitcoin price briefly touched $98,000. Microsoft shareholders are scheduled to vote on December 10 on a proposal to include Bitcoin on its balance sheet. This could become the catalyst needed for Bitcoin to break through $100,000 before the end of the year.
Major shareholders of Microsoft, such as Vanguard, BlackRock, and Fidelity, have ventured into the cryptocurrency space by investing in MicroStrategy (MSTR), Coinbase, and other cryptocurrency companies. It can be said that they have sufficient involvement. On the other hand, if the proposal is approved, it will not only have a positive impact on Bitcoin but also drive their other investments.
As we await Microsoft's ruling next week, U.S. employment and labor data will again be in focus this week. The U.S. Institute for Supply Management (ISM) manufacturing index and Purchasing Managers' Index (PMI) data are set to be released on Monday and Wednesday, respectively. However, the highlight of this week is the non-farm payroll (NFP) data on Friday. The market will closely monitor this week's reports to better understand inflation, especially ahead of the interest rate decision on December 17-18.
See original
QCPCapital: Microsoft's shareholder vote next week may become the catalyst for Bitcoin to break $100,000 before the end of the year
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,112.01
-2.04%
Replies 0
