Bitcoin Bet: MicroStrategy Surpasses Half of S&P 500 Companies
In a remarkable financial market phenomenon, MicroStrategy, a company mainly focused on buying Bitcoin, has achieved a higher market capitalization than nearly half of the companies in the prestigious S&P 500 Index. This was reported by finanzmarktwelt.de, highlighting how the company's shares have soared since the beginning of the year – by an impressive 204%. Despite lacking revenues and earnings in the traditional sense, MicroStrategy is now worth more than established corporations such as eBay Inc. or Delta Air Lines Inc.
This development raises questions regarding the potential inclusion of MicroStrategy in the S&P 500. Although the company has yet to meet some requirements, its profitability could increase further due to tax benefits from cryptocurrency holdings. The discussion around this topic also reflects a broader trend: The growing interest in digital assets over traditional investment methods.
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Bitcoin: All-Time High Firmly in Sight
BTC-ECHO reports significant capital inflows into Bitcoin Spot ETFs and a strong demand for the cryptocurrency itself, leading to prices above $70,000. The article also discusses legal challenges for KuCoin, a large crypto exchange that has recently come under scrutiny by the U.S. Attorney's Office for allegations such as money laundering.
Bitcoin Price to $180,000?
According to an analysis by Laurent Benayoun at Cointelegraph Deutschland, the price of Bitcoin (BTC) could reach up to $180,000 – driven by factors such as new ETFs and the upcoming Bitcoin halving event.
$1 Trillion Investment by Institutional Investors Possible?
A further assessment by CIO Matthew Hougan at Bitwise, as reported by Cointelegraph Deutschland, suggests that institutional investors could invest up to one trillion dollars directly in Bitcoin thanks to new ETF opportunities and the impending halving event.
Could the Next Halving Drive BTC to $500K?
finanzen.net speculates whether the upcoming 'halving', the reduction of the supply of new Bitcoins every four years, could lead to BTC valuing beyond $100K, or even up to $3M per coin, based on the notion that institutional investors could start to massively enter this market.
