Just trying to gauge what everyone thinks. Do you believe Bitcoin will get into the S&P 500 with a big announcement tomorrow?
Bitcoin prices have been dropping for three weeks now, which makes me think someone might have some insider info, but who knows. If it does get added, it’ll show that the news didn’t leak ahead of time. Right now, I'm leaning towards "No." News usually gets out early, and with Binance and Mike Noragretz dumping huge amounts recently, the conspiracy theorist in me thinks they might already be in the know... I hope I’m wrong about that.
POLL: Will MSTR Make It to the S&P 500?
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hodler2019Legendary
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#2Feb 7, 2022, 12:44 AM
I voted no.
frankly we do not need him to get in.
Voted No. I think it won't be quite surprising. Despite the change in government
Anything that has to do with Cryptocurrency approval tend to be delayed
There would bring up some excuse maybe it's volatility or business model even Tesla was delayed inclusion in 2020
Thanks to the FASB accounting rules that turned its Bitcoin holdings into a significant earnings driver
MSTR has technically met all criteria but doesn't guarantee it's inclusion this September
I believe best case scenario is it would be delayed worse case rejected.
I can remember when they wouldnt include Apple in the index, I think the reasoning was the shares werent fluid or circulated enough. Some argument like that, they just didnt like the make up and holding of the share especially I guess.
Also everyone thought Apple would go down or half or more for a long time and its why I bought it as it was paying a dividend etc. and no reason not to own and I dont even like their computers.
So there is a good chance of it being No simply because many will believe the shares could halve in value quite easily. Also look back a year, it was half the price back then so they dont like volatility typically. Fast in and fast out is something they are trying to avoid I suppose, it would be considered a mistake if that were to happen.
Apparently its the DOW I'm thinking of but also the unpopularity was there for Apple for a long time, also MSFT was avoided and unpopular making it a value stock back then, no longer now. Apple had to share splits to get into the DOW and the premium and risk people perceived was real and its real now but these companies are lead balloons, somehow they float and defy gravity.
Also applicable to Buffet, he was popular but he refuses to the play the games of wall street. His company has now been in the index for some years after sitting outside for decades but it was forced into becoming a reasonable price via splits (to make a deal, I think BNSF pensioners) I think so they let him into the club.
Point being they will exclude MSTR if its too much of a wild card but from what I just read technically if its eligible for SP500 it should go in.
^ They delayed on Tesla entering the S&P as well. Maybe they are hungry for Bitcoin exposure and want them in tomorrow, but I doubt it. It looks like all the voters have doubts as well. For the record, I do think MSTR will be included into the S&P 500, but I think it is more likely to happen in December than now.