According to BlockBeats, on December 2, QCP released a daily outlook stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, a surge driven by Michael Saylor presenting his Bitcoin investment strategy to Microsoft. Microsoft's shareholders are set to vote on December 10 on whether to include Bitcoin in their balance sheet. Could this become the catalyst for Bitcoin to break through $100,000 by the end of the year?
Major shareholders of Microsoft, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies by investing in MSTR, Coinbase, and other crypto companies. Some may believe they have enough exposure already. However, if the proposal passes, it will not only benefit Bitcoin but also positively affect their other investments.
While waiting for Microsoft's decision next week, U.S. employment and labor data will once again be in the spotlight this week. The ISM manufacturing data and PMI data are scheduled to be released on Monday and Wednesday, respectively. However, the focus of this week is the non-farm payroll data on Friday. The market will closely monitor this week's reports to better grasp inflation trends, especially ahead of the interest rate decision on December 17-18.
