Well, not exactly but... collaterally.
Microstrategy has reached a minimum capitalization level to be included in the SP 500 index. If this is so, and in the end, Microstrategy is chosen to be included in said index, this would mean exposure to bitcoin for all investors in the index.
According to Joe Burnet (IIICapital):
Joining the S&P 500 could trigger a positive feedback loop for $MSTR. Passive index flows drive markets. Inclusion would = automatic buying, boosting its share price, enabling more equity issuance for BTC buys further lifting its share price and attracting more passive flows.
I don't know about you but it seems very possible to me that this could happen.
As I have already commented in previous posts, we cannot even imagine how explosive this bull market is going to be.
Massive.
Posted Using InLeo Alpha