The traditional financial giants have finally taken action against the crypto world!
Just now, a storm triggered by the index giant MSCI is sweeping Wall Street. It is reported that MSCI plans to exclude companies with digital assets accounting for over 50% from its main indexes. This move directly attacks the institutionalization process of the crypto market.
What’s even more shocking is that JPMorgan actually expressed support for this move and coldly predicted: this could lead to the withdrawal of up to $2.8 billion from related companies.
Once the news broke, the entire Bitcoin community was thrown into chaos! Is this another 'precise strike' against the traditional financial system?
The hardcore counterattack has begun!
Famous Bitcoin advocate and billionaire Grant Cardone fired the first shot! He announced that he has withdrawn all $20 million in deposits from JPMorgan and has officially filed a lawsuit, accusing the bank of credit card violations. Voting with his feet, this is the most direct protest!
Wall Street veteran analyst and Bitcoin mogul Max Keiser is going all out, directly addressing the community: 'Buy Stratoshi and Bitcoin!' In his view, in the face of the traditional system's siege, the only strong counterattack is to double down on core crypto assets.
What dangerous signals are being released behind this?
1. Funding channels are facing pressure: Kicking crypto asset reserve companies out of mainstream indices means that many funds tracking these indices (such as ETFs and pensions) will be forced to sell related stocks, seriously blocking the connection between the crypto world and traditional capital markets.
2. The game for pricing power: This is not just a $2.8 billion issue, but a struggle for asset pricing power. Traditional institutions are trying to weaken the influence of crypto assets through rule-making.
3. The test of decentralized belief: When centralized giants try to define the 'mainstream', it is the most authentic stress test of the 'decentralization' values we believe in.
Where are our opportunities?
History has repeatedly shown that every suppression will only make the flames of crypto burn brighter.
· The best response to the rules game of the giants is to build and use. Support those truly decentralized and censorship-resistant protocols and applications.
· Focus on the core value of Bitcoin. Amidst market noise, the narrative of Bitcoin as digital gold and a store of value will become even stronger.
· Stay vigilant and hold onto quality assets. Short-term market volatility is inevitable, but the long-term trend of the industry has never changed.
The war between traditional finance and the future of crypto has just begun. Which side do you choose to stand on?
