Is Bitcoin Price Set to Land on the S&P500 This Year?

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.

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 StatesCryptocurrencies, 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

Join The 99Bitcoins News Discord Here For The Latest Market Updates

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.

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News IconGoogle News Icon

Follow 99Bitcoins on your Google News Feed

Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!

Subscribe now

Isaiah Mccall

Isaiah Mccall

Crypto Analyst

Isaiah McCall is an ultramarathon runner and journalist for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter
Read More


is-bitcoin-price-set-to-land-on-the-sp500-this-year

Leave a Reply

Your email address will not be published. Required fields are marked *