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COINTURK NEWS > Bitcoin News > Microstrategy Joins Nasdaq 100, Boosting Bitcoin Prices
Bitcoin News

Microstrategy Joins Nasdaq 100, Boosting Bitcoin Prices

In Brief

  • Microstrategy's Nasdaq 100 inclusion signals strong corporate support for Bitcoin.

  • Bitcoin's price may surge further due to increased institutional adoption.

  • Market predictions suggest Bitcoin reaching $150k by the end of 2025.

İlayda Peker
İlayda Peker 5 months ago
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Microstrategy has joined the Nasdaq 100 index as the largest corporate Bitcoin $107,997 buyer. This index includes the top 100 non-financial companies, such as Amazon and Apple. According to market data as of November 29, 2024, Michael Saylor’s company ranked 40th in the Nasdaq 100, with a market value of approximately $92 billion.

Contents
Microstrategy’s Bitcoin StrategyExpectations in the Bitcoin MarketBottom Line

Microstrategy’s Bitcoin Strategy

Michael Saylor is a strong advocate for Bitcoin, pledging to purchase it regardless of its price. The company holds about 234,650 BTC, valued at around $43 billion. This robust portfolio enhances investor confidence and supports the growth of the token‘s price.

At the time of reporting, Bitcoin is priced at $101.5k, a 2% decrease from its all-time high of $103.9k. However, its inclusion in the Nasdaq 100 could positively impact Bitcoin prices. Following the announcement, Bitcoin surged to $102.5k, marking its largest recovery since the previous all-time high.

Expectations in the Bitcoin Market

Factors such as buying pressure, high adoption rates, and increased global Bitcoin reserves may lead to a positive closing for Bitcoin by year-end. Predictions indicate that Bitcoin could reach $108.9k before the end of the year and potentially climb higher in 2025.

Prominent strategist Jeff Park summarized Microstrategy’s “buy and hold Bitcoin” strategy, clearly showcasing the company’s commitment to Bitcoin. Despite facing criticism when it began purchasing Bitcoin, Saylor’s firm has gained recognition as Bitcoin’s price surpassed $100k, bringing its portfolio to $43.18 billion.

Bottom Line

Michael Saylor’s company has been buying Bitcoin for four years, building a portfolio worth $43.18 billion. This growth supports Bitcoin’s global adoption and continuous demand. Its position in the Nasdaq 100 strengthens expectations that Bitcoin prices could reach $150k by the end of 2025, instilling optimism in the sector about Bitcoin’s future.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 15 December, 2024 - 1:14 pm 15 December, 2024 - 1:14 pm
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