Bitcoin Pepe price outlook as analyst sees 91% chance for Strategy to enter S&P 500

Michael Saylor’s MicroStrategy (MSTR), which trades under the name Strategy, could be on the verge of joining the S&P 500, according to financial analyst Jeff Walton. However, its inclusion is contingent on Bitcoin’s price remaining relatively stable through the end of the second quarter. As Bitcoin’s influence in the equity market grows with more companies buying the crypto, early-stage projects such as Bitcoin Pepe are poised to benefit from the increasing optimism surrounding cryptocurrency markets. 91% chance for S&P 500 inclusion In a video released Tuesday, Walton stated, “I believe there is about a 91% chance of MSTR qualifying for the S&P 500 in Q2″. Walton added that the primary requirement for the addition would be Bitcoin not falling more than 10% before June 30, the end of the first quarter. Bitcoin is currently trading around $106,390. For inclusion in the S&P 500, a company must report positive cumulative earnings over the previous four quarters. MicroStrategy, which holds 592,345 BTC, the largest Bitcoin holding among public companies, has posted net losses for the past three quarters. Walton explained that Bitcoin must stay above $95,240 for the company’s Q2 earnings to outweigh the combined losses from the previous three quarters. A dip below that threshold could disqualify it from meeting the S&P’s earnings requirement. Walton backed his forecast with historical Bitcoin price trends. Since September 17, 2014, there have been 3,928 rolling six-day periods. In 343 of those, Bitcoin’s price dropped more than 10%. In the remaining 3,585 times, the decline was less than 10%. As the end of the quarter nears, the chances of a steep drop continue to decline. Walton estimated a 92.4% probability that Bitcoin won’t fall by 10% over five days, increasing to 97.6% over just one day. Despite the strong statistical odds, recent geopolitical events have caused volatility. Over the weekend, rising tensions between Iran and Israel pushed Bitcoin below $100,000 for the first time since early May. If Bitcoin maintains its current level, MicroStrategy would become the second crypto-linked firm to enter the S&P 500 this year. Coinbase joined the index in May, a move crypto industry leaders called a milestone for broader acceptance. MicroStrategy is already a member of the Nasdaq-100 Index , having been added in December 2024. The S&P 500, however, tracks the 500 largest U.S. publicly traded companies and carries significant institutional weight. Bitcoin Pepe attracts interest Bitcoin Pepe is emerging as a significant presence in the cryptocurrency space, combining meme-themed branding with a strong emphasis on utility and infrastructure development. In contrast to typical meme tokens that rely heavily on social media momentum, Bitcoin Pepe is following a structured technical roadmap. This strategic approach appears to be drawing attention from investors, with the project raising over $15.5 million during its ongoing presale. The team behind Bitcoin Pepe has confirmed that its native token, BPEP, will be listed on the cryptocurrency exchanges MEXC and BitMart. These upcoming listings are expected to enhance the token’s market visibility, increase trading liquidity, and bolster its credibility ahead of a broader market debut. The team is scheduled to make an official listing announcement on June 30. Meanwhile, the team is also working to secure additional partnerships with centralised exchanges (CEXs) to support the wider rollout of BPEP. To incentivise early adopters, existing BPEP token holders will receive a 30% bonus on their current holdings. The post Bitcoin Pepe price outlook as analyst sees 91% chance for Strategy to enter S&P 500 appeared first on Invezz

Source: Invezz