RT Bitwise (@BitwiseInvest)Bitwise supports @Strategy inclusion in MSCI's Global Investable Market Indexes. https://t.co/sOa4v6sCyh ...

Core Viewpoint - Michael Saylor's aggressive strategy to buy Bitcoin and convert it into BTC-backed digital credit is positioned as a significant innovation in the financial landscape, with potential implications for global financial systems [2][5][7] Group 1: Saylor's Strategy and Vision - Saylor emphasizes that Bitcoin is "digital capital" and has gained endorsement from U.S. financial regulators, marking a regulatory turning point [2] - The company aims to "buy all the Bitcoin sellers can sell," establishing itself as a pioneer in converting volatile Bitcoin into stable, yield-producing digital credit [3][6] - Saylor believes that Bitcoin-backed credit is superior to traditional credit backed by depreciating assets, allowing for increased BTC per share and offering "leveraged Bitcoin equity" for long-term investors [6] Group 2: Credit Products and Market Position - Strategy's credit products are designed as high-yield, Bitcoin-backed instruments, akin to preferred shares or bonds, providing predictable cash flow [4] - Saylor envisions a global free-market yield curve formed by Bitcoin-backed credit that could outcompete traditional money markets, suggesting a future need for Bitcoin treasury companies in major economies [7] Group 3: Criticism from Peter Schiff - Peter Schiff criticizes Saylor's vision as unrealistic, arguing that it is impossible to eliminate Bitcoin's volatility while guaranteeing a perpetual 10% yield [5] - Schiff contends that the political support for Bitcoin is not based on fundamentals but rather on political favors [5]

Core Viewpoint - MicroStrategy, led by Michael Saylor, continues to aggressively acquire Bitcoin despite market challenges and potential exclusion from the MSCI index, positioning itself as the largest corporate holder of Bitcoin globally [1][2][3]. Company Actions - MicroStrategy purchased an additional 10,624 BTC last week, increasing its total holdings to 660,624 BTC [2][3]. - The company has publicly criticized MSCI's proposal to exclude firms with over 50% digital assets, labeling it as "misguided" and "discriminatory" [3]. Industry Perspective - Saylor emphasizes Bitcoin as a foundational element of a new digital capital era, noting a shift in perception among major U.S. banks towards embracing Bitcoin [5]. - He argues that Bitcoin could evolve into a yield-generating credit vehicle, similar to gold's historical role in credit systems [6]. Criticism and Controversy - Notable figures, such as economist Peter Schiff, have criticized Saylor, calling him a "bigger conman" than Sam Bankman-Fried, reflecting skepticism about Saylor's vision for Bitcoin [7][8].

Group 1 - Bitcoin concept stocks experienced a widespread decline as Bitcoin fell below the $90,000 mark, currently priced at $89,712.05 [1] - Iren Ltd (IREN.US) dropped over 6%, while Coinbase (COIN.US) fell more than 3.6% [1] - Strategy (MSTR.US) decreased by over 6%, Circle (CRCL.US) declined more than 2%, and Mara Holdings (MARA.US) saw a drop of over 5.6% [1]

Core Viewpoint - Leading cryptocurrencies experienced a decline in value following Federal Reserve Chair Jerome Powell's comments, which dampened expectations for rate cuts in 2026 [1] Cryptocurrency Market Performance - Bitcoin decreased by 1.14% to $91,244.67, while Ethereum fell by 1.39% to $3,310.83. XRP and Solana saw declines of 3.09% and 2.65%, respectively, and Dogecoin dropped by 4.03% to $0.1409 [2] - Bitcoin reached an intraday high of $94,477.16 but fell back to the $91,000 range by late evening. Ethereum also retreated from $3,436 to $3,260 overnight [3] Cryptocurrency-Linked Stocks - Shares of cryptocurrency-related companies such as Strategy Inc. and Coinbase Global Inc. closed down by 2.30% and 0.82%, respectively, during the trading session [4] Liquidation and Open Interest - Cryptocurrency liquidations totaled $390 million in the last 24 hours, with $255 million coming from long positions. Bitcoin's open interest decreased by 0.10%, and since its all-time high on October 7, it has collapsed by 38% [5] - Over 60% of Binance traders with open BTC positions remained long, according to the Long/Short Ratio [6] Market Capitalization - The global cryptocurrency market capitalization was recorded at $3.14 trillion, reflecting a modest decline of 0.68% over the last 24 hours [7] Federal Reserve Impact - The Federal Reserve cut the federal funds rate by 25 basis points to a range of 3.50–3.75%, citing cooling labor conditions and moderating inflation. However, Powell indicated that a rate hike is not the base case for most policymakers [8][9] Analyst Insights - Analysts suggest that Bitcoin needs to hold above the crucial support level of $91,800 to potentially rally towards $100,000. Ethereum's key support is identified at $2,770 [10][11]

Core Insights - Anthony Scaramucci, founder of SkyBridge Capital, praised Michael Saylor, Chairman of Strategy Inc. (NASDAQ:MSTR), as the "smartest person" in the cryptocurrency sector [1][2] - Scaramucci expressed strong support for Saylor's Bitcoin strategy, which includes enhancing Strategy's balance sheet through strategic Bitcoin purchases and equity sales [2][3] - Despite Scaramucci's endorsement, there is criticism from Bitcoin skeptic Peter Schiff regarding Saylor's aggressive Bitcoin acquisition strategy [3] Company Performance - Strategy Inc. (MSTR) is currently facing challenges, with its market value at $55.54 billion, which is lower than its Bitcoin holdings valued at $59.66 billion [4] - The stock has experienced a significant decline, losing over 50% of its value in the past six months [4] - As of the latest data, MSTR shares fell 1.49% in after-hours trading to $181.89, following a 2.30% drop during regular trading [4] Growth Metrics - MSTR has shown a very low growth score, indicating weak historical expansion in earnings and revenue compared to other cryptocurrency-related stocks [5]

Core Insights - Bitcoin's price rose towards $94,000 following the Federal Open Market Committee's decision to cut the target rate by a quarter percentage point, although it later retraced some gains due to unclear future rate cut signals [1] - The Federal Reserve's monetary policy is currently influencing Bitcoin's market behavior, indicating a potential recovery for the cryptocurrency in 2026 [2] Price Targets and Market Sentiment - Standard Chartered has revised its year-end Bitcoin price target down to $100,000 from $200,000 and its 2026 target to $150,000 from $300,000, citing a recent 36% price drop as "normal" [4] - The firm remains bullish on Bitcoin in the short term despite the adjustments to its price targets [3][4] Market Dynamics and Institutional Activity - The cryptocurrency market is seeking buyers, with crypto exchange-traded funds expected to play a significant role in this process, highlighted by Vanguard's recent move to open its brokerage platform to crypto ETFs [5] - Major digital asset treasury companies continue to accumulate Bitcoin, with Strategy (MSTR) adding over 10,000 Bitcoin to its holdings, alleviating concerns about potential sell-offs [6] - Jack Mallers, founder of the Bitcoin payments app Strike, expressed intentions to acquire as much Bitcoin as possible, indicating ongoing institutional interest [7]

Let's turn our attention to crypto and welcome in our next guest. Joining us now, Fong Lee, the president and CEO of Strategy. Fong, thank you for taking the time to be with us this afternoon.Now, Strategy just completed its largest single time Bitcoin purchase since July. You added nearly a billion dollars in just the past week. You know, what drove the timing and the scale of this latest acquisition.>> Yeah, look, Bitcoin is always an important purchase and a good buy for us at any point in time. Uh two w ...

Today, crypto investors react to the Fed's last meeting in 2025. The CFTC pilots crypto as collateral for derivatives markets. And Marco Santory of Soulmate discusses the company's merger with web 3 VC firm Rockway X.Welcome to CNBC's Crypto World. I'm Mackenzie Sagal. Digital currencies are mixed today after rising sharply in the previous day's trading.By 2:15 Eastern, investors were looking to make sense of the Federal Reserve's final meeting in 2025. The central bank chose to cut the Fed funds rate amid ...

Core Viewpoint - MicroStrategy is opposing MSCI's proposal to remove Bitcoin-heavy companies from major equity indexes, arguing that it mischaracterizes their operational model and could lead to significant forced selling in the market [1][5]. Group 1: Company Response - MicroStrategy, now referred to as Strategy, issued a statement asserting that MSCI's proposal misrepresents how Bitcoin-heavy companies operate, emphasizing that it is an operating business utilizing Bitcoin reserves for credit instruments and capital raising [2]. - The company contends that its operational model is fundamentally different from a passive investment vehicle that tracks a single asset [3]. - Strategy's letter urged MSCI to reject the proposal, claiming it would impose arbitrary conditions that could stifle innovation and damage MSCI's indices' reputation [3]. Group 2: Proposed Threshold and Discrimination - Strategy criticized the proposed 50% digital-asset threshold as discriminatory, arguing that it unfairly targets Bitcoin-heavy companies while leaving other concentrated sectors, such as oil and real estate, unaffected [4]. Group 3: Market Implications - The controversy began when MSCI launched a consultation on classifying digital asset treasuries, which placed Strategy and other Bitcoin-focused firms under review due to the proposed threshold [5]. - A JPMorgan analysis indicated that if MSCI removed Strategy, it could face approximately $2.8 billion in forced selling pressure, with potential total impacts reaching $8–9 billion if other firms followed suit [5]. - The implications of exclusion from the index could reduce liquidity for Strategy and increase its cost of capital, limiting corporate treasuries' role as a pathway for investors seeking indirect Bitcoin exposure [6]. Group 4: Broader Industry Context - This situation highlights a structural debate regarding whether Bitcoin exposure should be primarily through regulated exchange-traded funds or through publicly traded companies holding digital assets on their balance sheets [7].