Saylor’s Strategy keeps Nasdaq 100 slot, but MSCI threat hangs over Bitcoin treasury trade

Forbes and CoinDesk report that Michael Saylor’s firm Strategy narrowly maintained its place in the Nasdaq 100, easing fears of forced selling that could have amplified BTC downside. However, Saylor is warning MSCI against a proposal to exclude companies whose balance sheets are heavily in Bitcoin, with JPMorgan estimating up to $8.8B of potential outflows if such rules are widely adopted.

Conflicting institutional signals on Bitcoin’s longer-term path

JPMorgan and others argue the Bitcoin bull cycle remains intact and maintain very high long-term targets (up to $240K) even as they acknowledge November’s drawdown and election-driven overvaluation. At the same time, Standard Chartered has trimmed its end-2025 forecast to ~$100K and sees treasury-company buying largely exhausted, shifting the focus to ETF inflows as the next key driver.