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

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

by Brandon Duncan


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
$2.14T
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.”

This year, MicroStrategy embraced Accounting Standards Update (ASU 2023-08), and with it, Bitcoin’s role in the company’s financial health skyrocketed.

The update lets unrealized BTC gains and losses impact net income, linking the cryptocurrency’s price directly to MicroStrategy’s earnings narrative. For a company with S&P 500 ambitions, Bitcoin is MicroStrategy CEO Michael Saylor’s lifeline.

Broader Market Dynamics in Play For Bitcoin Price

The U.S. Dollar Index (DXY) is down 1.54% this month, a surprising slip when global crises usually boost its safe-haven appeal. This time it’s btc logoBTC ▲0.88% showing that strength.

“The dollar index is dabbling in new cycle lows… fiat is fading,” macroeconomist Lyn Alden pointed out.

Cryptocurrencies, United States
(DXY)

Bitcoin’s recovery after the latest conflict cements its reputation as a robust hedge, holding firm during this wave of risk-off sentiment and keeping crypto bulls in control.

MicroStrategy Could Redefine Crypto in the S&P 500

A stable Bitcoin through June 30 could clear the way for MicroStrategy to become the second crypto-tied firm in the S&P 500 this year, after Coinbase.

Such a move could spark a trend, with other companies adopting similar crypto-forward strategies.

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive

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Key Takeaways

  • 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.
  • If Bitcoin stays steady through the end of June, MicroStrategy is poised to join Coinbase as the second crypto-linked company in the S&P.

The post Is Bitcoin Price Set to Land on the S&P500 This Year: Is BTC About To Be Indexed? appeared first on 99Bitcoins.





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