Have Your Say

Yesterday you asked why BC is down. The following is from a newsletter I follow:

Because the very institutions that told you bitcoin was a fraud… are now rewriting the rules of global finance to make sure they get to control it. 
Wall Street’s “Assassination” Attempt
And that brings me directly to the latest chapter in this conspiracy. It involves two of the biggest financial firms on Wall Street: MSCI and JPMorgan Chase. 
Let’s start with the first player in this conspiracy: MSCI, short for Morgan Stanley Capital International. 
MSCI is the giant behind the stock indexes that determine where nearly $17 trillion in passive investment capital flows. Its benchmarks shape everything from mutual and exchange-traded funds (ETFs)… to the portfolios of the world’s largest institutions. 
That makes it the kingmaker of passive investments.
 
Last month, MSCI began considering a rule change that’s essentially a guided missile aimed at crypto treasury companies: Banning any company from its global indexes if 50% or more of its assets are held in digital assets. 
A final decision is scheduled for January 15, with any index adjustments arriving in February 2026.
 
This isn’t about “risk.” This isn’t about “volatility.” This is a decapitation strike. And the target is obvious: Strategy (formerly MicroStrategy). 
Back in 2020, Strategy became the first publicly traded company to add bitcoin to its corporate treasury. Today, it’s the largest publicly traded bitcoin proxy in the world. 
And because it’s included in major MSCI indexes right now, millions of everyday investors can gain bitcoin exposure simply by owning Strategy stock. 
To Wall Street, that’s unacceptable. 
Why? Because Strategy gives investors bitcoin exposure with no middleman and no fees. 
So what does MSCI do? It proposes moving the goalposts by creating a new “50% digital asset” rule that would ban these types of companies from its indexes. 
Since rumors about the rule change began circulating last month, Strategy’s shares have been down as much as 49%. 
This isn’t risk management. This is an attempted corporate assassination. 
According to JPMorgan analysts (more on them in a moment), of Strategy’s roughly $50 billion market cap, about $9 billion sits in passive vehicles like ETFs and mutual funds that track these very indexes. 
Simply removing Strategy from MSCI could trigger roughly $2.8 billion in forced passive outflows, with as much as $8.8 billion at risk if other index providers follow its lead. 
It’s the same tactic Gould and Fisk used in 1869: rewrite the rules, corner the market, and break the competition so the insiders can take control. 

The Smoking Gun
If you still have any doubt – any shred of uncertainty about whether this is simply business as usual or a grand conspiracy like The Black Friday gold scandal – let me show you the smoking gun… 
Because at the same time MSCI is trying to ban bitcoin treasury companies, JPMorgan is rolling out a brand-new product that gives investors exposure to bitcoin. 
They call it a “bitcoin-linked structured note.” 
But let’s call it what it really is: A Wall Street product designed to do one thing: skim profits from regular investors while pretending to offer safety. 
These notes are essentially bitcoin bonds – complex debt instruments that give you exposure to bitcoin’s price (specifically linked to BlackRock’s IBIT ETF), served with a dose of leverage and a hefty stack of bank fees. 
Think about the hypocrisy. 

Wall Street doesn’t want Strategy giving you bitcoin exposure without fees attached. But they’re more than happy to hand you bitcoin exposure… as long as they’re the ones earning the fees.
JPMorgan filed the new structured notes product with regulators last week. And once you see how this scheme works, you’ll understand exactly how Wall Street rigs these “safe” bitcoin notes to their advantage – not yours. 
When you buy a $1,000 note like the one JPMorgan is offering, the moment the ink dries, it’s usually only worth about $925 to $950. 
In other words, you’re instantly down 5% to 7.5% – money that goes straight into the bank’s pocket as a structuring fee and commission. You start the investment in a hole. 
And then there’s the cap. Many of these notes promise a little leverage on the upside, but they quietly limit how high your gains can go. 
For example, if bitcoin shoots up 200% in a monster rally, your note might stop paying out at 88% (or lower). That means you absorb all the volatility, all the risk… while Jamie Dimon’s firm pockets the life-changing upside.
 
They want to use index rules to prohibit Strategy from issuing securities backed by bitcoin – just so they can turn around and sell you a structured note backed by bitcoin. 
They don’t want to ban the asset; they want the monopoly on packaging it.
This is The Great Crypto Conspiracy in a nutshell. 

Knowledge Is Your Power
Why is Wall Street so afraid of Michael Saylor’s Strategy? Because it did something that threatens their fee-generating machine. 
Strategy didn’t just give investors direct exposure to bitcoin through its shares. It introduced a Series A Perpetual Strike Preferred Stock – a new type of security that lets investors earn yield backed by bitcoin itself. 
This directly competes with the high-fee, complicated derivatives that banks like Goldman Sachs and JPMorgan use to generate massive profits. 
If Strategy succeeds in creating a liquid market for bitcoin-backed preferred equity, it cuts the banks out of the equation. 

Wall Street fears a future when companies act as their own banks, hold their own assets, and issue their own capital instruments, bypassing the traditional financial toll collectors. 
And that’s the threat they can’t ignore. 
This is the moment I’ve been warning you about since the day I first exposed what I called the Great Crypto Conspiracy.
For years, people rolled their eyes when I said Wall Street would eventually try to control bitcoin the same way Gould and Fisk tried to corner the gold market in 1869. 
They want to kill the independent bitcoin treasury companies, so the only way you can access this asset class is through their turnstiles, paying their toll. 
The titans of Wall Street have capitulated on the value of bitcoin. They know it’s staying. Now they are just fighting over who gets to sell it to you.
But here’s the part the financial elite never saw coming: You’re no longer in the dark. You’re no longer the victim in the rigged game. 
Don’t let them shake you out. You’re early, informed, and standing on the right side of the greatest financial shift since the birth of the stock market. You don’t need Wall Street to spoonfeed you a watered-down, high-fee version of bitcoin. 
A simple ETF like IBIT is all you need. And if you want to purchase and hold your own bitcoin, just get a Ledger hardware wallet and self-custody for free. 
No matter the volatility, no matter the fear, uncertainty, and doubt (FUD) over this MSCI issue – know this: Bitcoin and crypto assets are here to stay. 
Don’t let Wall Street’s battle for this market scare you out of this asset. Wall Street is playing the long game. They’ll happily scare you now and coddle you later to get you back in. Just so long as they’re the guys selling you access. 
So pull the camera back and know that no matter the volatility, the long-term trajectory of bitcoin is higher. 
The ride will be bumpy for the bitcoin treasury companies… But so long as they’re not forced to sell their bitcoin, it doesn’t matter what MSCI does. The upward price action of bitcoin will ultimately reignite the prices of their stocks higher.

https://x.com/weggster/status/1995533071261778355?s=46

He’s a bit rough but talks a lot of sense

https://x.com/shubzlive/status/1995370055824200178?s=46