The forecast is that the BTC price will reach 120,000 USD in December. Here are the reasons:
• The relationship between MicroStrategy and the S&P 500 index fund:
• If MicroStrategy becomes one of the components of the S&P 500 index, then any investment in the S&P 500 index fund will indirectly hold MicroStrategy's shares, as index funds are designed to replicate the performance of the index.
• The asset management scale of the S&P 500 index fund:
• The S&P 500 index fund manages up to 1.6 trillion USD in assets. This is a huge figure, meaning that if MicroStrategy is included in the index, it will attract a significant amount of capital attention.
• Potential impact of inclusion in the S&P 500 index:
• Inclusion in the S&P 500 index may have a positive effect on MicroStrategy's stock price, as more passive investment funds will have to buy its shares to track the index. Additionally, since MicroStrategy holds a large amount of Bitcoin, this also means that global capital will indirectly hold Bitcoin, which may impact the price of Bitcoin.
In short, if MicroStrategy is included in the S&P 500 index, it will attract a large amount of passive investment, which could have a significant impact on its stock price and the Bitcoin market.$BTC
