Bitcoin falls as Strategy faces MSCI index shake-up

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Scott Melker discusses the latest bitcoin (BTC-USD) sell-off and the implications for Michael Saylor's Strategy (MSTR) as MSCI revises its index eligibility guidelines. Melker examines how the changes could affect Strategy's index inclusion Video Transcript 00:00 Speaker A In a risk-off environment, Bitcoin obviously has taken it on the chin more than other assets. Last night, obviously, it sold down as far as $67,000, not the best price action that you would want to see in what we assumed was a renewed bull market. And part of the 00:15 Speaker A bad news, bad news, I'm going to air quote it right there. Part of the bad news here is what happened to strategy. Strategy, the world's biggest corporate Bitcoin holder to be dropped from MSCI indexes.