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The microstrategy company, which turned its fortunes around by starting to buy bitcoin regularly in 2020, is facing one of its historic days today. The company founded by Michael Siler will be included in the Nasdaq 100 index for the first time in history.
What does it mean to enter the Nasdaq 100?
MicroStrategy’s entry into the Nasdaq 100 index will undoubtedly significantly increase the company’s reputation in the market and its importance in the eyes of investors. Those who passively invest in the QQQ ETF issued by Invesco will naturally also invest in MicroStrategy and Bitcoin. As is well known, millions of people invest in the Nasdaq 100, especially in the USA, through ETFs that track the Nasdaq 100, such as the QQQ ETF.
Thanks to the confidence provided by the Nasdaq 100, some investors may invest passively without even looking at the companies in the index. Therefore, inclusion in the Nasdaq 100 index automatically enables ETFs and investment funds that follow the index to invest in shares of companies within the index. This situation could increase the value of MSTR shares and also have a positive effect on the price of Bitcoin.
Indicated to buy.
On the other hand, Michael Siler at MicroStrategy, who has been buying bitcoin heavily in recent weeks, issued a buy signal yesterday. Siler also tweeted the total dot chart he’s been sharing every Sunday lately. Sharing the moment as an orange dot chart, not green, Cyler gave a buy message for Monday.
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