Bitwise Chief Investment Officer Matt Hougan has dismissed concerns that MicroStrategy might be forced to sell its Bitcoin holdings, despite potential removal from the MSCI index. Hougan argues that MicroStrategy's financial position is strong, with $1.4 billion in cash and manageable debt obligations, making the "doomsday theory" of a forced Bitcoin sale unlikely. MSCI is considering removing crypto asset reserve companies like MicroStrategy from its indices, which could lead to a $2.8 billion sell-off of MSTR shares. However, Hougan believes the market has already priced in this possibility, and the impact on MicroStrategy's stock will be minimal. He emphasizes that MicroStrategy's long-term value is tied to its strategic execution rather than index inclusion. Hougan also notes that MicroStrategy's significant Bitcoin holdings, valued at $60 billion, are secure, with no debt maturing before 2027. He reassures that the company's leadership, particularly Michael Thaler, remains committed to Bitcoin's long-term value, making a forced sale highly improbable.