On Thursday, November 12, Bitcoin historian and editor Pete Rizzo posted on X, sharing remarks attributed to MicroStrategy founder Michael Saylor regarding a recent MSCI ruling. Rizzo quoted Saylor, stating, "BILLIONAIRE MICHAEL SAYLOR PERFECTLY EXPLAINS WHY TODAY'S MSCI RULING ABSOLUTELY DOES NOT MATTER AT ALL FOR #BITCOIN OR MSTR MSCI INDEXES DO NOT CONTROL REAL CAPITAL THE MARKET WILL DECIDE, NOT A COMMITTEE OTHER INDEXES WILL ADOPT DIGITAL ASSETS AND ALLOW THEM TO FLOURISH WE ARE WATCHING ONE ROGUE ACTOR ATTACK AN EMERGING TECHNOLOGY THEY WILL BE MADE IRRELEVANT " The post emphasized Saylor's view that market forces, rather than index committees, will ultimately determine the fate of digital assets.
The statement follows recent reports that MSCI deleted a strategy, though Bitcoin holdings remained untouched, as detailed in recent Gokhshtein coverage. This action by MSCI, a major global index provider, has been a point of discussion within the digital asset community regarding institutional adoption. Bitcoin has also faced liquidity headwinds, with stablecoin supply draining, even as institutions accumulate the asset below $76,000.
Saylor's perspective, as relayed by Rizzo, suggests that institutional decisions from traditional finance entities like MSCI will not impede the broader growth and acceptance of digital assets. He believes that other indexes will eventually embrace these technologies, allowing them to thrive independently of any single entity's stance. The implication is that the market's organic demand and innovation will supersede any specific committee's influence on capital allocation.
