Is Bitcoin Price Set to Land on the S&P500 This Year: Is BTC About To Be Indexed?

MicroStrategy is closing in on S&P 500 inclusion, but there’s a catch. The Bitcoin price has to stay above $95,240 through the end of June.

Six days left. One price target. So… will it be WW3 that kills the price? Or maybe an unforeseen asteroid?

Everything rides on BTC holding the line.

Bitcoin

Price

Market Cap

BTC

$2.13T

24h7d30d1yAll time

Bitcoin Price is Key to MicroStrategy’s S&P 500 Aspirations

Financial analyst Jeff Walton pegs MicroStrategy’s chances of joining the S&P 500 at a staggering 91%, a prediction tightly linked to Bitcoin’s price resilience. For the company to qualify, it needs four consecutive quarters of positive earnings, which is influenced by its massive 592,345 BTC stash.

…dang, that’s a lot of Bitcoin.  Even so, the $95,240 support remains a dangerous cliff edge.

Walton states, “To be considered for the S&P 500, a company must report cumulative positive earnings across the past four quarters.”

Tags: