Bitcoin at $87,511 after BRUTAL $90K rejection Monday. Meanwhile, GOLD EXPLODES to $4,497. MicroStrategy PAUSED Bitcoin buying: Despite raising $747.8M, bought ZERO BTC last week. US-VENEZUELA CRISIS: Trump ordered naval blockade of Venezuelan oil tankers, seized vessels, threatens war. This geopolitical shock sent gold/silver to records while Bitcoin DUMPED—proving once again BTC is risk-on, NOT safe haven. WORST Q4 SINCE 2018: Bitcoin down -22% in Q4 2025—worst fourth quarter performance outside major bear markets.

MicroStrategy (holding 446,400 BTC worth $39 billion+) is going to get kicked out of indexes for holding... the best-performing asset class of the past decade. 60% chance MSCI excludes (they rarely back down from proposals). 30% chance modified threshold (75% instead of 50%) or grandfather clause. 10% chance full reversal. Either way, volatility guaranteed around Jan 15 announcement.

December 10, 2025