<p>TradingKey - 指数巨头 MSCI 提议将持有大量加密货币的公司从其全球可投资市场指数中剔除，这一提议遭到了加密社区的强烈反对。摩根大通最新的研究报告也引发了不满。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/MSTR-909245034ed64d129e815277684dd5da.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1174" height="994" original-src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/MSTR-909245034ed64d129e815277684dd5da.jpg"/></p>
<p>【来源：X】</p>
<p>MicroStrategy 创始人迈克尔·塞勒在周五立即作出回应，表示 MicroStrategy 不会被指数分类所定义，并保持建立全球首个数字货币机构的长期战略。</p>
<p>与此同时，摩根大通最新的研究报告表明，如果 MicroStrategy 最终被退市，可能会引发 28 亿美元的强制抛售。市场可能会解读为摩根大通试图加剧对 MicroStrategy 的负面情绪，而 MicroStrategy 本身已经在经历下滑。</p>
<p>该报告引发了摩根大通的重大争议，遭到了比特币社区的激烈批评。MicroStrategy 的支持者弗雷迪·克鲁格呼吁对这家金融服务巨头进行 “抵制”，甚至将摩根大通称为 “犯罪企业”。</p>
<p>比特币倡导者和房地产投资者格兰特·卡多恩宣称：“我刚从摩根大通的银行部门提取了 2000 万美元，并因信用卡违规起诉他们。” 随着在线抵制运动的加剧，比特币支持者马克斯·凯瑟也呼吁：“打倒摩根大通，购买 MicroStrategy 和比特币。”</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Fred-Krueger-2cb67150bcbc44c2a050ddbe4eaf14c4.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1154" height="1358" original-src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Fred-Krueger-2cb67150bcbc44c2a050ddbe4eaf14c4.jpg"/></p>
<p>MicroStrategy 的股票经历了严重下跌，远远超过比特币的跌幅，而比特币本身已从 126,230 美元的峰值跌至近 80,000 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/BTC-MSTR-25190f1005ee424bb7ccac80eae3d6b5.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2048" height="865" original-src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/BTC-MSTR-25190f1005ee424bb7ccac80eae3d6b5.jpg"/></p>
<p>【比特币和 MicroStrategy 价格曲线图，来源：TradingView】</p>
<p>MicroStrategy 创始人塞勒在社交媒体上多次保持乐观的语气，表示：“波动性是中本聪（比特币创始人）给予信仰者的礼物。如果比特币每个月上涨 2%，且没有波动，沃伦·巴菲特将拥有所有比特币。”</p>
<p>正如 TradingKey 文章《MicroStrategy 股票分析》中所述，MicroStrategy 目前由于未违反《纳斯达克-100 指数方法论》规定，安全地避免了被纳斯达克-100 指数退市，即使在当前股价低迷的情况下。</p>
<p>MSCI 的提议在加密社区中引发了恐惧和不确定性。如果 MicroStrategy 被退市，可能会导致指数基金的大规模抛售，再次给刚刚开始复苏的比特币蒙上阴影，并对全球数字资产国库（DAT）公司造成灾难性的抛售压力。</p>
<p>注意：一种新兴的公众公司模式，其核心战略是将数字资产（如比特币）作为主要储备资产，通过高杠杆投资放大回报。</p>
<p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Crypto-Fear-b07d832a6d234038a47782c6fbca7c98.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2048" height="617" original-src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Crypto-Fear-b07d832a6d234038a47782c6fbca7c98.jpg"/></p>
<p>【来源：Coinmarketcap.com】</p>
<p>截至目前，CMC 加密恐惧与贪婪指数为 12，表明市场处于极度恐惧期。这表明任何稍微负面的消息都可能引发比特币再次崩盘，导致 MicroStrategy 和比特币价格的下行螺旋。</p>
<p>我们认为市场对摩根大通最新研究报告的反应仍然过度。如果由比特币社区推动的抵制情绪继续升级，摩根大通的股价可能会受到一定程度的影响，投资者应注意短期风险。</p>
<p>了解更多</p>

MSTR

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<p>MSCI 提议将持有大量加密货币的公司从其指数中剔除，遭到反对。摩根大通的报告指出，MicroStrategy 的退市可能引发 28 亿美元的强制抛售，激起争议和抵制呼声。MicroStrategy 的股票大幅下跌。创始人 Saylor 依然保持乐观。MSCI 的提议在加密货币社区引发恐慌，可能导致大规模抛售。CMC 加密货币恐惧与贪婪指数显示极度恐惧。市场可能对摩根大通的报告反应过度，投资者应谨慎对待短期风险</p>

<p>TradingKey - Indexing giant MSCI's proposal to remove companies with significant crypto holdings from its global investable market indices is drawing strong opposition from the crypto community. JPMorgan's latest research report has also sparked discontent.</p>
<div class="lb-trans"><p>TradingKey - 指数巨头 MSCI 提议将持有大量加密货币的公司从其全球可投资市场指数中剔除，这一提议遭到了加密社区的强烈反对。摩根大通最新的研究报告也引发了不满。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/MSTR-909245034ed64d129e815277684dd5da.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20251124/MSTR-909245034ed64d129e815277684dd5da.jpg"/></p>
<p>【Source: X】</p>
<div class="lb-trans"><p>【来源：X】</p>
</div><p>MicroStrategy founder Michael Saylor responded immediately on Friday, stating that MicroStrategy would not be defined by index classifications and maintains a long-term strategy to build the world's first digital currency institution.</p>
<div class="lb-trans"><p>MicroStrategy 创始人迈克尔·塞勒在周五立即作出回应，表示 MicroStrategy 不会被指数分类所定义，并保持建立全球首个数字货币机构的长期战略。</p>
</div><p>Meanwhile, JPMorgan's latest research report suggests that if MicroStrategy is ultimately delisted, it could trigger $2.8 billion in forced selling. The market may interpret this as JPMorgan attempting to exacerbate negative sentiment for MicroStrategy, which is already experiencing declines.</p>
<div class="lb-trans"><p>与此同时，摩根大通最新的研究报告表明，如果 MicroStrategy 最终被退市，可能会引发 28 亿美元的强制抛售。市场可能会解读为摩根大通试图加剧对 MicroStrategy 的负面情绪，而 MicroStrategy 本身已经在经历下滑。</p>
</div><p>This report ignited significant controversy for JPMorgan, which faced fierce criticism from the Bitcoin community. MicroStrategy supporter Freddy Krueger called for a &#34;boycott&#34; of the financial services giant, even going so far as to label JPMorgan a &#34;criminal enterprise.&#34;</p>
<div class="lb-trans"><p>该报告引发了摩根大通的重大争议，遭到了比特币社区的激烈批评。MicroStrategy 的支持者弗雷迪·克鲁格呼吁对这家金融服务巨头进行 “抵制”，甚至将摩根大通称为 “犯罪企业”。</p>
</div><p>Bitcoin advocate and real estate investor Grant Cardone declared, &#34;I just pulled $20 million from Chase [JPMorgan's banking arm] and sued them for credit card violations.&#34; As the online boycott movement intensified, Bitcoin proponent Max Keiser also urged, &#34;Take down JPMorgan, buy MicroStrategy and BTC.&#34;</p>
<div class="lb-trans"><p>比特币倡导者和房地产投资者格兰特·卡多恩宣称：“我刚从摩根大通的银行部门提取了 2000 万美元，并因信用卡违规起诉他们。” 随着在线抵制运动的加剧，比特币支持者马克斯·凯瑟也呼吁：“打倒摩根大通，购买 MicroStrategy 和比特币。”</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Fred-Krueger-2cb67150bcbc44c2a050ddbe4eaf14c4.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20251124/Fred-Krueger-2cb67150bcbc44c2a050ddbe4eaf14c4.jpg"/></p>
<p>MicroStrategy's stock has seen a severe decline, far exceeding that of Bitcoin, as BTC itself has fallen from its peak of $126,230 to nearly $80,000.</p>
<div class="lb-trans"><p>MicroStrategy 的股票经历了严重下跌，远远超过比特币的跌幅，而比特币本身已从 126,230 美元的峰值跌至近 80,000 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/BTC-MSTR-25190f1005ee424bb7ccac80eae3d6b5.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20251124/BTC-MSTR-25190f1005ee424bb7ccac80eae3d6b5.jpg"/></p>
<p>【BTC and MSTR Price Curve Chart, Source: TradingView】</p>
<div class="lb-trans"><p>【比特币和 MicroStrategy 价格曲线图，来源：TradingView】</p>
</div><p>MicroStrategy founder Saylor has repeatedly maintained an optimistic tone on social media, stating: &#34;Volatility is a gift from Satoshi [BTC's founder] to believers. If Bitcoin went up 2% every month with zero volatility, Warren Buffett would own all the Bitcoin.&#34;</p>
<div class="lb-trans"><p>MicroStrategy 创始人塞勒在社交媒体上多次保持乐观的语气，表示：“波动性是中本聪（比特币创始人）给予信仰者的礼物。如果比特币每个月上涨 2%，且没有波动，沃伦·巴菲特将拥有所有比特币。”</p>
</div><p>As previously stated in a TradingKey article MicroStrategy Stock Analysis, MicroStrategy is currently secure from being delisted from the Nasdaq-100 Index due to non-compliance with the《Nasdaq-100 Index Methodology》regulations, even amidst its current subdued share price.</p>
<div class="lb-trans"><p>正如 TradingKey 文章《MicroStrategy 股票分析》中所述，MicroStrategy 目前由于未违反《纳斯达克-100 指数方法论》规定，安全地避免了被纳斯达克-100 指数退市，即使在当前股价低迷的情况下。</p>
</div><p>The MSCI proposal is causing fear and uncertainty within the crypto community. If MicroStrategy were to be delisted, it could lead to massive sell-offs from index funds, once again casting a shadow over Bitcoin, which was just beginning to recover, and causing catastrophic selling pressure for Digital Asset Treasury (DAT) companies worldwide.</p>
<div class="lb-trans"><p>MSCI 的提议在加密社区中引发了恐惧和不确定性。如果 MicroStrategy 被退市，可能会导致指数基金的大规模抛售，再次给刚刚开始复苏的比特币蒙上阴影，并对全球数字资产国库（DAT）公司造成灾难性的抛售压力。</p>
</div><p>Note: An emerging public company model whose core strategy involves holding digital assets (such as Bitcoin) as primary reserve assets, amplifying returns through high-leverage investments.</p>
<div class="lb-trans"><p>注意：一种新兴的公众公司模式，其核心战略是将数字资产（如比特币）作为主要储备资产，通过高杠杆投资放大回报。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://resource.tradingkey.com/uploads/20251124/Crypto-Fear-b07d832a6d234038a47782c6fbca7c98.jpg" alt="" original-src="https://resource.tradingkey.com/uploads/20251124/Crypto-Fear-b07d832a6d234038a47782c6fbca7c98.jpg"/></p>
<p>【Source: Coinmarketcap.com】</p>
<div class="lb-trans"><p>【来源：Coinmarketcap.com】</p>
</div><p>As of now, the CMC Crypto Fear &amp; Greed Index stands at 12, indicating a period of extreme fear in the market. This suggests that any slightly negative news could trigger another Bitcoin crash, leading to a downward spiral in prices for both MicroStrategy and Bitcoin.</p>
<div class="lb-trans"><p>截至目前，CMC 加密恐惧与贪婪指数为 12，表明市场处于极度恐惧期。这表明任何稍微负面的消息都可能引发比特币再次崩盘，导致 MicroStrategy 和比特币价格的下行螺旋。</p>
</div><p>We believe the market is still overreacting to JPMorgan's latest research report. If the boycott sentiment, fueled by the Bitcoin community, continues to escalate,JPMorgan'sstock price could be hit to some extent, and investors should be mindful of short-term risks.</p>
<div class="lb-trans"><p>我们认为市场对摩根大通最新研究报告的反应仍然过度。如果由比特币社区推动的抵制情绪继续升级，摩根大通的股价可能会受到一定程度的影响，投资者应注意短期风险。</p>
</div><p>Find out more</p>
<div class="lb-trans"><p>了解更多</p>
</div>

MSTR 是否会被移出纳斯达克 100 指数？市场可能对摩根士丹利的最新报告解读过度