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Fundstrat's Sean Farrell has nailed Bitcoin's price the past two years. Now, he says it's Ethereum's time to shine

(Reuters) -MicroStrategy shares briefly surged on Monday before faltering to end nearly unchanged, after the software company and bitcoin stockpiler was selected to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds $44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency. The prospect of more buying from funds that track the Nasdaq 100 could further boost MicroStrategy's stock that has surged nearly 550% this year alongside a jump in the bitcoin price.

The currency surged after Trump promised to “do something great with crypto.”

Bitcoin proxy’s upcoming addition to the index will drive buying by QQQ ETF and other funds.

(Bloomberg) -- Bitcoin rose to a record high on President-elect Donald Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc., an accumulator of the token, in a key US stock gauge.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe largest virtual currency rose more than 4.8% at one point on Monday to an unprecedented $107,791, ex

Here how spot Bitcoin ETFs and Bitcoin futures ETFs work and what you need to know.

Rise of RWAs. BitcoinFi. Fintechs as crypto gateways, and more. Pantera Managing Partner forecasts an exciting year ahead for crypto assets and infrastructure.