Michael Saylor, co-founder of Strategy, has expressed his congratulations to Coinbase on its landmark inclusion in the S&P 500 index. “A major milestone for Coinbase and for Bitcoin” he stated on the X social media platform.
A significant milestone emerges as Coinbase becomes the first cryptocurrency company to join the flagship index, boasting a market capitalization of roughly $50 trillion.
Katie Haun, CEO and founder of Haun Ventures, has underscored the significance of this moment in the industry, highlighting “the S&P 500 is one of the most widely followed benchmarks in the world. Having a crypto-native company represented at that level is a big moment for the industry.”.
VanEck’s Matthew Sigel further emphasizes the impact of the S&P 500 inclusion, noting its potential to draw passive investment flows and anticipate index funds purchasing at least $10 billion worth of Bitcoin.
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