Options traders weigh the odds of $100,000 Bitcoin by year end, and Microsoft considers a proposal to own BTC.

This is CoinDest Daily. I'm your host Christine Lane.

Bitcoin seesawing around the $68,000 threshold Thursday, BTC gaining about two-tenths of a percent

over the past 24 hours in the U.S. morning. Bitcoin looks on course to close the week over 1% lower,

according to CoinDusk indices data, having failed to sustain any of its ascents north of 68,000.

Though traders are somewhat optimistic,

BTC options trading on Deribate suggests a roughly 10% chance that BTC price will rise

above $100,000 by December 27th. The possibility of prices rising to $82,000 is higher,

though options market probabilities can change quickly with market

conditions. The board of Microsoft has recommended shareholders vote against a proposal for the

company to assess Bitcoin as an inflationary hedge. In a filing with the SEC on Thursday, Microsoft

laid out issues to discuss at the company's next shareholder meeting.

One of the proposals from the National Center of Public Policy Research, a conservative think tank,

argues that Bitcoin is an excellent, if not, quote, the best hedge against inflation.

The board is recommending shareholders vote against this proposal, the filing reveals, arguing that Microsoft already, quote, carefully considers this topic,

and the requested public assessment is unwarranted.

Balance, Canada's long-standing crypto-custodian finally attained qualified custodian status this week,

prompting the firm CEO, George Borthianu, to say it's time to start

bringing the country's ETF digital assets back home. Bordianu is alluding to the fact that the

safekeeping of crypto assets underlying funds issued by Canadian ETF providers, 3 IQ, purpose

investments and evolve, end up in sub-custody arrangements and

held by blue-chip U.S. exchanges like Coinbase and Gemini rather than remaining on Canadian soil.

...