MicroStrategy Joining S&P 500 Could Result In Bitcoin ‘Automatically Infiltrating Nearly Every Portfolio,’ Says Analyst: ‘Includes Your Traditional 401k’
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 tr…
