MSTR - MicroStrategy Joining S&P 500 Could Result In Bitcoin 'Automatically Infiltrating Nearly Every Portfolio' Says Analyst: 'Includes Your Traditional 401k' | Benzinga
MicroStrategy Inc (NASDAQ:MSTR), the largest corporate holder of Bitcoin (CRYPTO: BTC), could potentially make a major impact on the standard way of investing if it joins the S&P 500 index, as some in the cryptocurrency industry suggest.
What Happened: Joe Burnett, a cryptocurrency analyst and senior product marketing manager at Bitcoin financial services firm Unchained believes that if MicroStrategy secures a spot on the index, it would lead to a broad exposure of Bitcoin across a wide range of investment portfolios and “automatically infiltrating nearly every portfolio. This includes your traditional 401k, your pension fund, and every 60:40 portfolio," Burnett explains.
Rising market cap and TTM profitability could position for S&P 500 eligibility, pending U.S. Index Committee approval.
If MSTR is included, it could spark a massive positive feedback loop enabling #bitcoin ...