Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
...
MSCI’s rule is simple: when cryptocurrency exceeds 50% of your assets, you’re not a company. You’re a fund. MicroStrategy is at 77%. They crossed the line months ago.
On January 15, 2026 … every pension fund and index tracker that owns MicroStrategy stock must sell.
Not because they want to. Because the index forces them. Algorithms don’t negotiate.
...
On November 20, Texas became the first U.S. state to buy Bitcoin for its Strategic Reserve, acquiring $5 million at roughly $87,000 per BTC, according to Lee Bratcher, President of the Texas Blockchain Council.
The purchase was made through BlackRock’s iShares Bitcoin Trust (IBIT) while the state finalizes plans for self-custody.
The move signals growing state-level interest in Bitcoin as a reserve asset. Texas had previously explored strategic Bitcoin legislation last year, wanting to create a Bitcoin reserve without using taxpayer funds.
In June of this year, the Texas governor signed the legislation into law, creating a state Strategic Bitcoin Reserve.
...
Words like :-Lawmakers say Americans saving for retirement deserve more investment choices. They argue that current rules are outdated and too restrictive, blocking millions from accessing new asset classes.
luc said:Younger brother came into town for the holidays, we were talking about crypto yesterday.
Trying to figure out why it's been so weak, even with strong equity markets. He threw me a curveball.
"Crypto isn't that cool anymore."
Blew my mind. The kid is 22.
"Prediction markets are better, and stocks too because they don't get rugged 24/7".
I looked much deeper last night...and what I'm observing under the surface is not technical or fundamental.
It's cultural. A social shift. Attention has relocated.
Starts on youtube. Views are down across anything related to crypto.
A crypto youtuber with 139K subscribers said that his viewership had dropped more in the last 2 weeks than anything he's seen in 5 years.
Image
Second point. Attention is shifting from the top. The biggest crypto influencers are publicly "losing interest" in crypto, and switching to stocks (sources attached).
Image
Third point. Crypto has long been a free-spirited, lawless, young man's game.
But with legacy brokerages like Schwab/JPMorgan getting involved + gov't interest, is crypto losing the demographic that made it popular in the first place?
Image
Potentially...as the perception's changed.
Fourth point. Optionality. Every vehicle is becoming more accessible. From $COIN adding stock trading, to $HOOD adding 0DTE options, to prediction markets as a whole...
Everything's right there...without the perceived risk of a rug-pull via the “lawless” crypto landscape that defined crypto’s appeal in the first place.
Question is...does real-world crypto utility generate enough demand to offset a sustained decline in retail participation?
All I'm saying is the divergence of the once highly correlated $BTC - $QQQ pair is highly suspect. And it's only getting wider.
Yes, you can argue some of these things happen in every crypto bear market, but there's new variables & moving parts now (optionality + legacy brokerages participation + gov't interest) that change the game.
Crypto seems to be in a transition phase...from a momentum asset to an infrastructure asset.
Fundamental transitions like this are usually not kind to price in the medium term.
Long term, I'm bullish on the crypto's utility and think it will be everywhere, but the real world utility/adoption (and subsequent growing pains...) is something I'm watching in 2026.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?