CoinVoice has learned that QCP released a daily outlook stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, a surge driven by Michael Saylor showcasing his Bitcoin investment strategy to Microsoft. Microsoft shareholders plan to vote on December 10 to decide whether to include Bitcoin on its balance sheet.
Major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies by investing in MSTR, Coinbase, and other crypto companies. One might think they already have enough exposure. However, if the proposal passes, it would not only benefit Bitcoin but also positively impact their other investments.
While waiting for Microsoft's decision next week, U.S. employment and labor data will again be the focus this week. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the highlight 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. [Original link]
