MicroStrategy Secures Spot in Nasdaq-100, Fuels $2.1B ETF Surge

MicroStrategy is set to join the Nasdaq-100 on December 23, a move expected to drive $2.1 billion in ETF purchases. However, its reliance on Bitcoin investments raises financial stability concerns, particularly if cryptocurrency prices experience a sharp decline. MicroStrategy Set for Nasdaq-100 Addition on December 23 MicroStrategy (MSTR) is scheduled to join the Nasdaq-100 Index […]

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Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges

Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the prominent Bloomberg Intelligence analyst observed that bitcoin’s 180-day volatility, hovering near record [...]

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