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Bitcoin May Hit $850,000, But Will It?
MicroStrategy’s recent inclusion in the Nasdaq 100 exchange-traded fund has sparked a heated debate among crypto enthusiasts and experts alike. This significant milestone is undeniably a testament to the incredible growth that Bitcoin and the broader cryptocurrency market have experienced over the past four years.
In a remarkable turn of events, MicroStrategy, a company known for its bold investment decisions in Bitcoin, has been added to this prestigious index alongside other top tech giants like Tesla, Apple, Meta, Amazon, and Microsoft. This news comes as no surprise given MicroStrategy’s impressive market capitalization growth since it began aggressively buying up BTC.
The move could be seen as a vote of confidence from institutional investors and fund managers who now see Bitcoin as an attractive investment opportunity. It is also worth noting that the inclusion in this index highlights the significant progress made by both the company and the broader crypto sector.
It will be interesting to see how this new development affects the overall sentiment around cryptocurrencies and especially Bitcoin, which has been experiencing a surge in recent months.
In related news, it seems like the former Thai Prime Minister is now predicting that Bitcoin could potentially hit $850,000.
Source: u.today
