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

QCP Capital posted on its official channel that during the Thanksgiving weekend, the price of Bitcoin once hit $98,000, driven by the Bitcoin investment strategy presented to Microsoft by Michael Saylor. Microsoft shareholders are scheduled to vote on a proposal to include Bitcoin in its balance sheet on December 10. This may be the catalyst needed for Bitcoin to break through $100,000 by the end of the year. Major Microsoft shareholders, such as Vanguard, BlackRock and Fidelity, have already been involved in the cryptocurrency field by investing in MicroStrategy (MSTR), Coinbase and other cryptocurrency companies. It can be said that they already have enough involvement. On the other hand, if the proposal is passed, it will not only have a positive impact on Bitcoin, but also boost their other investments. As we wait for Microsoft's ruling next week, US employment and labor data will once again be in the spotlight this week. The Institute for Supply Management (ISM) Manufacturing Index and Purchasing Managers Index (PMI) data are scheduled to be released on Monday and Wednesday, respectively. However, the focus of this week is Friday's non-farm payrolls (NFP). Markets will be watching this week's reports closely for a better picture of inflation, especially ahead of the Dec. 17-18 rate cut decision.