Matrixport: Three Key Dates in December That Could Further Drive Institutional Investor Participation

BlockBeats News, November 15th, Matrixport released its weekly report pointing out that Bitcoin is experiencing a strong uptrend driven by multiple bullish factors, including continuous inflow of Bitcoin spot ETF funds, Fed interest rate cut expectations, improved regulatory environment, and several other factors.

The report specifically highlighted three important dates in December: December 6th when MicroStrategy may be included in the S&P 500 Index, December 10th when Microsoft will review a Bitcoin investment proposal, and December 15th when the new FASB rule will take effect, allowing enterprises to measure crypto assets at fair market value. These events are expected to further drive institutional investor participation.

Looking ahead to 2025, the report predicts that the adoption rate of crypto assets will surpass the key threshold of 8%. Additionally, factors such as the regulatory improvement expected with a potential Trump inauguration in January 2025 and FTX's expected return of $16.5 billion to creditors will also provide sustained bullish momentum for the Bitcoin market. However, the report also cautions that the current RSI indicator shows overbought conditions, suggesting a potential consolidation in the short term.