With the continuous rise in Bitcoin prices, MicroStrategy’s investment in and long-term holding of 190,000 bitcoins is now worth nearly $10 billion. As MicroStrategy’s stock price soars, it has climbed to the 545th position among the largest listed companies in the United States, sparking discussions about its potential inclusion in the S&P 500 index. Once included in the S&P 500 index, Bitcoin will begin to “automatically permeate all portfolios,” including traditional 401k plans, retirement funds, and the hands of investors engaged in passive investing.
Millions of people passively buy Bitcoin if MicroStrategy is included in the S&P 500 Index?
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