Matrixport: December 6, 12, 15 and other nodes may further promote the entry of institutional investors

Odaily Planet Daily Report: Matrixport released a weekly report pointing out that Bitcoin is facing multiple positive factors driving a strong upward trend, including continuous inflow of Bitcoin spot ETF funds, expectations of Fed rate cuts, and improved regulatory environment. The report particularly focuses on three important time points in December: December 6th when MicroStrategy may be included in the S&P 500 index, December 10th when Microsoft will review a Bitcoin investment proposal, and December 15th when the new FASB rules take effect, allowing companies to measure cryptocurrency assets at fair market value. These events are expected to further drive institutional investors to enter the market. Looking ahead to 2025, the report predicts that the adoption rate of cryptocurrency assets will break through the critical threshold of 8%. Meanwhile, the improvement in the regulatory environment due to Trump's possible inauguration in January 2025, as well as the expected return of $16.5 billion to FTX creditors, will continue to bring positive news to the Bitcoin market. However, the report also reminds that the current RSI indicator shows overbought, and there may be a short-term consolidation.