Bitcoin price surpasses $100,000 again.

On the evening of December 13th, the market received news that MicroStrategy's MSTR stock would join the Nasdaq 100 Index on December 23rd, immediately boosting the price of Bitcoin (BTC) as MicroStrategy is the world's largest holder of cryptocurrencies.

The price of BTC surged to $100,000 per unit on the evening of December 13th, but then experienced some minor fluctuations. The upward trend was almost successfully tested as the clock ticked past midnight.

From midnight until now, Bitcoin has consistently traded above $101,000, at times exceeding $102,600. The price has improved by nearly 3% compared to yesterday and is currently not far from its record high of over $103,900 set on December 5th.

Bitcoin price from the beginning of the year to date.

MicroStrategy has a market capitalization of approximately $92 billion, making it the 40th largest company in the Nasdaq 100 index and potentially having a weighting of 0.47%, according to CoinDesk.

Adding MSTR to the index would increase the Nasdaq 100's exposure to BTC, as MicroStrategy currently holds approximately $42 billion, making it the world's largest cryptocurrency holding. Conversely, ETFs would automatically purchase MSTR shares to balance their portfolios, indirectly attracting more significant investment capital to Bitcoin.

"Millions of investors will now have indirect exposure to Bitcoin, and this is further heating up the cryptocurrency market," said James Van Straten, senior analyst at CoinDesk.

Many experts also predict that MicroStrategy may consider joining the S&P 500 next year, although this will be challenged by the profitability of the company's software segment. If successful, this would mark another major step forward in the exposure of Bitcoin to large financial institutions.

MicroStrategy began buying BTC in mid-2020, betting that the cryptocurrency would help them survive in a fiercely competitive environment. To date, approximately 90% of the company's value is tied up in its Bitcoin holdings.

However, senior ETF expert James Seyffart warns that MicroStrategy's potential inclusion in the Nasdaq 100 index is likely to be short-lived, as the company could be reclassified as a finance company in March when its value comes almost entirely from holding BTC rather than actual business operations.

TB (summary)

Source: https://baohaiduong.vn/gia-bitcoin-lai-vuot-moc-100-000-usd-400426.html