PANews reported on December 2 that Singaporean crypto investment institution QCP Capital published a statement today saying that during the Thanksgiving weekend, the price of Bitcoin once reached $98,000, driven by the Bitcoin investment strategy presented by Michael Saylor to Microsoft. Microsoft shareholders are scheduled to vote on a proposal to include Bitcoin in its balance sheet on December 10. This may become the catalyst needed for Bitcoin to break through $100,000 by the end of the year.
Major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have already been involved in the cryptocurrency space by investing in MicroStrategy (MSTR), Coinbase, and other cryptocurrency companies. It can be said that they already have enough exposure. On the other hand, if the proposal is passed, it will not only have a positive impact on Bitcoin, but will also boost their other investments.
US employment and labor data will again be in focus this week as we await the MSCI verdict next week. The Institute for Supply Management (ISM) Manufacturing Index and Purchasing Managers Index (PMI) data are scheduled for release on Monday and Wednesday, respectively. However, the focus this week is on Friday's Non-Farm Payrolls (NFP). Markets will be closely watching this week's reports to get a better idea of inflation, especially ahead of the December 17-18 rate cut decision.
