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First Bitcoin Holder Might Enter S&P 500, And It’s Not MicroStrategy
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
January 10, 2025 – 15:54
In a stunning development, Jack Dorsey, the co-founder and former CEO of Twitter, has revealed plans to list his first Bitcoin (BTC) purchase on the S&P 500. The move is seen as a significant milestone in the mainstream adoption of cryptocurrency by institutional investors.
Notably, this is not MicroStrategy, which has already made headlines for its massive Bitcoin holdings and regular purchases. It seems that Dorsey’s involvement in the space could be a game-changer for both the asset class and the overall market sentiment.
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Source: u.today
