Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
As we reported in a previous publication in CriptoTendencia, MicroStrategy, the company that is positioned as the largest corporate shareholder of Bitcoin and is listed on the stock exchange, will make its debut on the Nasdaq 100 index.
Officially, Nasdaq announced its inclusion in a press release about the annual changes to the popular Nasdaq 100 index. MicroStrategy’s entry takes effect on December 23, according to the publication.
This inclusion follows the elimination of ILLumina, Super Micro Computer and Moderna. Which made room for the inclusion of MicroStrategy, Palantir Technologies and Axon Enterprise.
It should be noted that this fact is of great relevance and has a great implication, since means that MicroStrategy (MSTR) shares will be included in an index that brings together shares of large companies such as Tesla, Microsoft, Alphabet, Intel and more.
So it is worth analyzing the impact that this inclusion has had and will have for Bitcoin.
How will the inclusion of MicroStrategy impact BTC?
The first thing worth noting is that MicroStrategy shares have risen since the news of its inclusion on December 11. On that day it was trading at 371 USD, rising to the current 408 USD at the time of writing.
While the price of Bitcoin did not benefit so much from this inclusion, although it rose to $102,355 yesterday, December 13, after the Nasdaq statement.
However, in the future the impact that this fact could have could be large and difficult to measure.
It should be noted that MicroStrategy shares rise along with Bitcoin, which in turn increases investment inflows and increases the capital raising capabilities of this great whale. Therefore, the company generates a “snowball” effect as its shares and the price of Bitcoin rise.
In this way, the inclusion of MicroStrategy to the popular index could favor the demand for BTC and with it its price.
The benefits and privileges of belonging to the Nasdaq 100
There are several benefits that MicroStrategy MSTR shares will enjoy from belonging to this popular index:
Undoubtedly, for Bitcoin the success of MicroStrategy could mean that many more companies replicate their strategy and thus increase their demand. Therefore, its inclusion in the Nasdaq 100 is also an achievement for the largest Cryptocurrency.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
