🟥 Is A BLACK SWAN COMING WITH MICROSTRATEGY?
In recent days, a risk has begun to gain traction that could directly and profoundly impact the crypto market: the possible exit of #MicroStrategy from the indices of #MSCI , one of the most relevant index providers in the world.
👉 Everything was triggered on October 10, during the market's flash crash, when MSCI announced that it would review the classification of companies that have a very high proportion of their assets in Bitcoin.
🏢 MicroStrategy is, by far, THE MOST EXTREME CASE and the most exposed to this review.
If MSCI decides to exclude MSTR, all passive funds that replicate these indices will be forced to sell their shares.
✋️It is not a voluntary or strategic decision: IT IS A RULE.
#JPMorgan calculated that these forced sales could exceed USD 2.8 billion, although the actual amount could be higher if other indices adopt the same criterion.
▫️Three days after the crash, JPM published a report pointing out exactly this risk, which raised suspicions due to the coincidence in timing, although there is no concrete evidence of coordinated movement.
🔥 The underlying problem is that a violent drop in the price of MSTR could compromise the company's debt structure.
In an extreme scenario, MicroStrategy could be forced to sell part of its Bitcoin to cover financial obligations, breaking its historical accumulation strategy.
👉 Such a sale would have a SIGNIFICANT IMPACT on the market due to the downward pressure it would generate.
The risk is present and underestimated. January is going to be a turning point.
