When will Bitcoin break 100,000? I believe this is a question many friends are concerned about.
Recently, there has been some positive information for the market.
The first is that the microstrategy company holding over 20 billion in market value of Bitcoin is expected to be included in the S&P 500 index on December 6th, which means that anyone purchasing the S&P 500, the largest index fund in the world, will passively purchase microstrategy's stock. The total asset scale of the S&P has reached 1.6 trillion US dollars. At that time, how Bitcoin will surge has a lot of room for imagination.
The second is that Microsoft will review the Bitcoin investment proposal on December 10th, and if approved, Microsoft will continue to increase its holdings in Bitcoin.
The third is that the Federal Reserve will conduct its third interest rate cut in December, along with the previously mentioned FTX repayments. Combining these positive factors, it is not difficult to analyze that Bitcoin still has a lot of room for growth, we just need time.
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