Inclusion could boost the industry. “Anyone that owns an S&P 500 Index fund will own Bitcoin once MSTR makes it into the index.”
Despite MicroStrategy outperforming every stock in the Standard and Poor’s (S&P) 500 over the past four years, market observers are split on whether it could make the index in the near future.
Optimistic voices say it’s only a matter of time. In early September, the median market capitalization in the S&P 500 was $33.5 billion, reported CNBC. Among the 500 largest corporations in the United States that comprise the index, the 250th (i.e., middle point) company had a stock market value of $33.5 billion.
By comparison, MicroStrategy’s market cap was $33.6 billion at the time of writing on Sept. 27, which puts it right in the thick of things. The company is widely viewed as a Bitcoin (BTC) stand-in with 266,000 BTC in its treasury — more than any corporation in the world — but this may not be a problem in the long term, according to some knowledgeable market observers.
