JPMorgan sends big warning to Bitcoin finance company

JPMorgan analysts warned that the exclusion of micro-strategy from the S&P 500 is a "major setback" for Bitcoin asset managers, which could make index providers more reluctant to include it. Although CEO Michael Saylor downplayed the impact, the stock price of such companies has fallen sharply, with Metaplanet falling 72% from its peak and micro-strategy down 28% since mid-June.