How Will Microstrategy Entering Nasdaq 100 Affect Bitcoin?

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As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen the market ebb and flow like the tides. Microstrategy’s inclusion in the Nasdaq 100 is not just a milestone; it’s a testament to the growing acceptance of Bitcoin as a legitimate investment asset.

In simple terms, Microstrategy, known for its significant Bitcoin purchases, currently holds approximately 423,650 bitcoins as per recent disclosure. This has led them to be included in the Nasdaq 100 Index, a prestigious index that features the top 100 non-financial companies worldwide, such as Amazon, Apple, Nvidia, Meta, and others. This inclusion occurred following a market evaluation on November 29, 2024, which placed Michael Saylor’s company among the 40 largest companies on the Nasdaq 100, with a market capitalization of around $92 billion.

Can Bitcoin Hit a New ATH with Microstrategy’s Achievement?

Michael Saylor is a staunch advocate for Bitcoin and has pledged to continue purchasing it regardless of its current value. More crucially, he is convinced that this digital currency will surge past $100,000 in the near future and potentially reach millions within a few years. Given his conviction, Microstrategy currently holds approximately 234,650 Bitcoins, which equate to an impressive $43 billion. This substantial investment has not only established a robust portfolio for them but also bolsters investor confidence, ultimately fostering the token’s price growth.

Currently, as we speak, Bitcoin stands at approximately $101,500, having dipped 2% from its all-time high (ATH) of $103,900. Despite this minor setback, the cryptocurrency has been finding it challenging to reach the same peak for several days. However, attention is now focused on Michael Saylor’s inclusion in the Nasdaq 100, which could potentially boost Bitcoin prices. Intriguingly, following this news, Bitcoin’s price showed a slight uptick, reaching $102,500 earlier today – marking its most significant recovery since the ATH. Moreover, there appears to be a consistent demand for purchasing the token.

Given the mounting demand, widespread adoption, discussions about a global Bitcoin reserve, Donald Trump’s inauguration, among other factors, as well as this company’s recent milestone, Bitcoin is poised to close the year optimistically. Notably, predictions suggest that the Bitcoin price could reach $108,900 before the end of the year and potentially rise even more in 2025.

CZ Summarised Michael Saylor Firm’s Strategy in Four Words

While sharing the news of the Nasdaq 100, including the business intelligence company, a popular strategist, Jeff Park, shared a one-page executive summary of the firm. The X post conveyed a summary titled “Theory of MicroStrategy,” but CZ summarised it into just words, joking about the Bitcoin-obsessed company. CZ commented, ‘Buy bitcoins and hold’ referencing Microstrategy’s strategies and kidding that they are all about buying this token. More importantly, he said his summary is shorter than the intro line.

My summary of MicroStrategy’s strategy (shorter than the intro line):

Buy bitcoins and hold.

— CZ BNB (@cz_binance) December 14, 2024

As Michael Saylor’s company embarked on its Bitcoin acquisition spree, it initially drew chuckles from many; however, as Bitcoin’s value soared to reach $100k, the same strategy is now garnering respect, boosting their BTC holdings to a staggering $43.18 billion.

Bottom Line

Approximately four years ago, Michael Saylor’s company started investing in Bitcoin, amassing a staggering fortune worth $43.18 billion with one of the most promising cryptocurrencies on the market. The rapid expansion of its holdings has fueled a continuous increase in demand, leading to increased global adoption. Recently, the price of Bitcoin soared to an all-time high of $103.9k, and experts predict it could reach $150k by the end of 2025. This significant milestone may further boost the industry’s optimism and Bitcoin’s popularity. Moreover, various other factors are expected to influence this upward trend, potentially placing a larger role for Microstrategy, especially given its inclusion in the Nasdaq 100. The anticipated impact of this move could be positive for both the industry and the token.

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2024-12-15 03:42