MicroStrategy Get 70% Chance for S&P 500 to Make Bitcoin Profit
10X Research dey predict say get 70% chance say MicroStrategy go join S&P 500 for December after their Q3 earnings report wey dem release on October 30. The company dey expect to record about $3.8 billion worth gain from over 640,000 Bitcoin wey dem get. Even though how dem dey buy Bitcoin slow down for October — 778 BTC compared to 3,526 BTC for September — the way liquidity and volatility dey behave mark new phase for DAT companies. MicroStrategy get B- credit rating from S&P Global. If dem get strong Q3 earnings report, e fit make dem enter S&P 500 and fit change how people see Bitcoin market.
Bullish
Dis news dey bullish for Bitcoin trading. For short term, strong Q3 gains plus way wey e get to fit enter S&P 500 fit make trading volume and better feeling for market grow. Institutional people wey dey interested for public company crypto plan, na im dey make demand high and e reduce people wey go dey sell. For long term, if MicroStrategy fit enter index, e go make Bitcoin valid inside old school portfolio dem, e go attract more money and help price rise.