In a recent interview, Michael Saylor, the chairman of MicroStrategy, referred to Bitcoin as the "cyber Manhattan" and expressed his belief that it is the ultimate economic powerhouse. MicroStrategy, which has been accumulating Bitcoin since 2020, added another 15,350 BTC to its holdings, bringing the total to 439,000 Bitcoin valued at around $46 billion. The company has been able to afford these purchases by issuing convertible notes to raise cash, a risky strategy that Saylor appears unconcerned about. MicroStrategy's inclusion in the Nasdaq-100 index and potential inclusion in the S&P 500 next year has boosted optimism and resulted in a 5% jump in its share price. Investors are anticipating a Federal Reserve rate cut, which could benefit Bitcoin, as lower interest rates tend to weaken the dollar and increase money supply. In other news, Ether reached $4,100, the broader crypto market climbed 2.8%, Coinbase stock increased by 4%, and Bitcoin's price reached a new record of $107,229.38, with a year-to-date performance of 151%.



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