MSCI is essentially admitting that legacy definitions need to change. They need 'further research' to determine if a Bitcoin-heavy balance sheet makes you an operating company or an investment vehicle.
This may be a moot point as more companies add Bitcoin to their balance sheets. MSCI was trying to use old labels for today's reality. It seems like the index is already learning to adapt to the market.
MSCI is essentially admitting that legacy definitions need to change. They need 'further research' to determine if a Bitcoin-heavy balance sheet makes you an operating company or an investment vehicle.
This may be a moot point as more companies add Bitcoin to their balance sheets. MSCI was trying to use old labels for today's reality. It seems like the index is already learning to adapt to the market.
https://twiiit.com/i/status/2008648969648566429