🧐Will MicroStrategy's encounter with MSCI really crash the Bitcoin market?

MicroStrategy essentially is: a company that leverages buying $BTC through "issuing bonds and stocks + market faith."

As long as the financing channels are fine, they can keep leveraging;

Now MSCI is coming to curb this leverage, which will obviously affect the company's liquidity, financing ability, and market pricing.

The story of MicroStrategy is a leveraged treasury of a publicly traded company under the faith in Bitcoin; when you buy it, you are actually buying Bitcoin + company leverage + financing structure.

1⃣ MSCI's proposal will indeed limit MicroStrategy's financing ability, but in the short term, it will not trigger forced liquidation and does not constitute substantial selling pressure.

The probability of forced selling is very low; if forced selling occurs, it would prove that MicroStrategy itself does not believe in the story they are telling, and they could announce their demise.

2⃣ The logic of MicroStrategy is not about a blow-up, but rather growth being "policy-limited." The whales won't die; they just won't run fast.

3⃣ The market's panic is far greater than the actual risk, but this will be a "structural noise" that will repeatedly ferment before 2026.

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