"If the likes of strategy get kicked out of major benchmarks, then passive funds are forced to sell mechanically regardless of Bitcoin's price. Needless to say, that wouldn't exactly help matters."

… In terms of price, $60,000 is widely cited as the existential line where capital markets effectively close for these firms. Galaxy's Alex Thorne even floats a panic scenario down at 40 to $46,000. Let's hope it doesn't come to that. There's also a factor that hasn't been discussed much recently, and that's index removal. If the likes of strategy get kicked out of major benchmarks, then passive funds are forced to sell mechanically regardless of Bitcoin's price. Needless to say, that wouldn't exactly help matters. But of course, all it would take to blow these bearish scenarios out of the water would be for BTC to catch a bid again, and the current situation would be quickly forgotten. Long-term, as governments continue to borrow and continue to devalue their currencies, the case for hard assets like Bitcoin only grows stronger. So maybe all we need to do i …