1. Market Overview
On the weekly timeframe, we’ve just completed a successful retest of a key breakout area, signaling a very bullish setup with likely continuation in the days ahead✅
In an exciting development, Adam Back and Samson Mow met with Microsoft’s CEO shortly after a shareholder proposal to allocate part of Microsoft’s assets ($484 billion) to Bitcoin. If even 1% were allocated, this would translate to a $4.8 billion investment in $BTC. BlackRock’s status as Microsoft’s second-largest shareholder makes this possibility even more promising👀
Michael Saylor has also offered his support, suggesting Microsoft could follow MicroStrategy's playbook by leveraging funds to invest in Bitcoin—a move that could significantly accelerate market momentum. If Microsoft, like Tesla, decides to add Bitcoin to its balance sheet, we might see other tech giants follow suit or, at the very least, start considering Bitcoin for their reserves🤑
P.S. The vote is set for December 10th, so while this could take time to materialize, the anticipation is building!
Let gooo🚀