Bitcoin’s wild swings are getting less wild

Strategy faces an index exit

Strategy (MSTR) and other treasury companies that stockpile crypto could be dropped from MSCI’s widely followed stock indexes under newly finalized rules. MSCI wants to exclude companies that function more like investment funds than operating businesses. That matters because funds tracking its indexes would need to sell shares of companies removed. Strategy estimated that its exclusion could trigger $2.8 billion in selling. No removal is confirmed yet and the final list arrives November 11. Read more →

Does every (macro) road lead to bitcoin?

Bitwise CIO Matt Hougan argues that regardless of the outcomes for AI and interest rates, they seem to all favor bitcoin inthe long run. An AI boom could raise the premium on scarce assets, while a bust could bring rate cuts, government intervention and more money creation. For long-term investors, the big macro questions matter less than most people think. Read more →