There are only about 3 million Bitcoins left in the market, excluding the long term holders ... Good future prospects for Bitcoins
MicroStrategy Shares Could Surge Even Higher If Added to Nasdaq 100 on Friday, Crypto Analyst Says
MicroStrategy stock could surge even higher in the coming weeks, depending on whether the Nasdaq 100 stock index classifies it as a software developer or a financials business, a leading crypto analyst has said.The Virginia headquartered company could receive a major boost if it is included in the Nasdaq 100 index in a shakeup of the stock market index on Friday, FundStrat's head of digital asset strategy Sean Farrell said in a talk.MicroStrategy has already seen its stock price increase by 500% in 2024 on the back of a major surge in Bitcoin's value this year that has driven sharp increases in the value of the software developer's stockpile of more than 400,000 Bitcoins.MicroStrategy's inclusion on the Nasdaq 100 would see the stock boosted by capital from the $550 billion in assets under management from ETFs that track the stock market index in what could lead to an "electric" period for the stock, Farrell said.
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