QCP Capital: Microsoft's shareholder vote next week could be a catalyst for Bitcoin to break through $100,000 by the end of the year

Odaily Planet Daily Report: QCP Capital posted on its official channel that during the Thanksgiving weekend, driven by Michael Saylor's presentation of Bitcoin investment strategy to Microsoft, the Bitcoin price briefly touched $98,000. Microsoft shareholders will vote on a proposal to include Bitcoin on its balance sheet on December 10. This could be the catalyst needed for Bitcoin to break through $100,000 by the end of the year. Microsoft's major shareholders, such as Vanguard, BlackRock, and Fidelity, have already entered the cryptocurrency field through investments in MicroStrategy (MSTR), Coinbase, and other cryptocurrency companies. It can be said that they have already gained sufficient exposure. On the other hand, if the proposal is approved, it will not only have a positive impact on Bitcoin, but also drive their other investments. As we await Microsoft's decision next week, US employment and labor force data will once again be the focus this week. The ISM Manufacturing Index and PMI data will be released on Monday and Wednesday respectively. However, the highlight of the week is the Non-Farm Payrolls (NFP) data on Friday. The market will closely monitor this week's report to better understand the inflation situation, especially ahead of the rate hike decision on December 17-18.