According to Deep Tide TechFlow news on December 2, QCP reported that Bitcoin briefly touched $98,000 over the Thanksgiving weekend, one of the driving factors being the Bitcoin investment strategy presented by Saylor to Microsoft. Microsoft's shareholders are set to vote on December 10 to decide whether to include Bitcoin on the company's balance sheet. This could be the catalyst needed for Bitcoin to break through $100,000 before the end of the year.
The article notes that major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have already entered the cryptocurrency space by investing in MSTR, Coinbase, and other crypto companies. Some might think they already have enough exposure to cryptocurrencies. However, if the proposal passes, it would not only be good news for Bitcoin but would also positively affect their other investments.
While waiting for Microsoft's ruling next week, employment and labor data in the U.S. will again be in the spotlight this week. The ISM manufacturing index and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the highlight of this week is Friday's non-farm payroll data (NFP). The market will closely monitor this week's reports to better assess inflation, especially ahead of the interest rate decision on December 17-18.
