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Microsoft has rejected a proposal to invest in Bitcoin, citing volatility concerns, while Ripple has gained approval for its stablecoin RLUSD, aiming for institutional adoption. Matrixport predicts Bitcoin could reach $160,000 by 2025, and Solana has surpassed Ethereum in developer recruitment, reflecting a shift in the crypto landscape. Meanwhile, MicroStrategy's inclusion in the Nasdaq-100 boosts its Bitcoin exposure, potentially attracting traditional investors.
The total crypto market capitalization has risen 3.2% to $3.71 trillion, driven by Bitcoin's 3.5% increase to $81,587 and strong institutional demand for spot ETFs. Factors include President-elect Trump's potential Bitcoin reserve strategy and a bullish seasonal trend, with expectations of further price increases as the year ends.
MicroStrategy (MSTR) will become the first bitcoin-focused company listed on the Nasdaq-100, significantly increasing the index's bitcoin exposure with its $42 billion in holdings. This inclusion could attract billions in passive investments, although analysts warn that a potential reclassification as a financial firm may jeopardize its long-term membership. The move may also prompt changes in other major indices, further integrating bitcoin into mainstream financial markets.
Bitwise forecasts significant growth in major cryptocurrencies by 2025, predicting Bitcoin will reach $200,000, Ethereum $7,000, and Solana $750. The firm anticipates a surge in Bitcoin ETFs, a rise in the tokenization market, and a wave of crypto IPOs, marking 2025 as a pivotal year for the industry.
Michael Saylor, founder of MicroStrategy, has predicted that MARA Holdings will be the next Bitcoin firm to join the Nasdaq 100, following MicroStrategy's inclusion. MARA's CEO, Fred Thiel, confirmed the company's efforts to achieve this milestone, having invested over $600 million in Bitcoin recently. As of December 13, MARA's market cap stood at $7.32 billion, while MicroStrategy's was $94.77 billion.
Vancouver's city council has approved a proposal to explore making the city Bitcoin-friendly, including converting part of its financial reserves into Bitcoin and accepting it as payment. In contrast, Microsoft shareholders recently rejected a similar proposal to invest in Bitcoin, despite advocacy from Microstrategy's Michael Saylor. This divergence highlights the growing interest in Bitcoin among governments and corporations, as many consider it a hedge against inflation and a strategic asset.
Bitcoin rebounded above $95,000, gaining 5% as investors eye the $100,000 milestone ahead of Thanksgiving. Despite a recent pullback, the cryptocurrency has surged 38% since the Nov. 5 election, with analysts predicting continued growth amid increasing institutional adoption and a pro-bitcoin U.S. administration. Ether also saw a significant rise, climbing over 7% to $3,555.82.
Rumble, a conservative video platform, plans to invest up to $20 million in bitcoin as part of a new treasury strategy, citing the cryptocurrency's potential as an inflation hedge. CEO Chris Pavlovski emphasized the importance of bitcoin in a world of government currency dilution. This move aligns Rumble with other companies like MicroStrategy and Tesla, as interest in bitcoin grows amid expectations of a pro-crypto stance from the incoming Trump administration.
MicroStrategy has acquired an additional 55,500 bitcoin amid ongoing stock market volatility. In related news, CNBC Crypto World features insights from Bruno Caratori, co-founder and COO of Hashdex, who discusses post-election investment trends in the crypto sector and his outlook for the industry with the new Congress.
On November 25, 2024, major analyst calls were made regarding several prominent companies, including Nvidia, Apple, Tesla, Palantir, Robinhood, MicroStrategy, Target, and Amazon. These evaluations are expected to influence market trends and investor decisions in the coming days.
MicroStrategy Incorporated
Companies
| Symbol | MSTR |
| Name | MicroStrategy Incorporated |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Software & Services |
| Industry | Software |
| Market | NASDAQ Global Select |
| Country | United States |
| State | VA |
| City | Tysons Corner |
| Zipcode | 22182 |
| Website | http://www.microstrategy.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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