CoinVoice has learned that QCP released a daily view stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, driven by Michael Saylor showcasing his Bitcoin investment strategy to Microsoft. Microsoft's shareholders are set to vote on December 10 on whether to incorporate Bitcoin into 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 sufficient 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, this week's U.S. employment and labor data will again be in the spotlight. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the focus of this week is on Friday's non-farm payroll data. The market will closely watch this week's reports to better grasp inflation trends, especially ahead of the interest rate decision on December 17-18. [Original link]
