JPMorgan Chase has indicated that the risk of Strategy Inc. being removed from major stock indices, such as MSCI, is already reflected in its current stock price. The bank views the upcoming MSCI decision as a potential catalyst for a price rebound, despite the possibility of passive capital outflows if removal occurs. Previously, JPMorgan estimated potential outflows of up to $2.8 billion if index-tracking funds divest. Following a significant sell-off, Strategy's stock has dropped about 20%, aligning closely with the value of its Bitcoin holdings. JPMorgan analysts suggest that the negative impact of a potential MSCI removal is limited, as it is already priced in. They anticipate a strong rebound in Strategy's stock and Bitcoin prices if the MSCI decision on January 15 is favorable. Additionally, JPMorgan reiterated its long-term view on Bitcoin, suggesting a theoretical price approaching $170,000 within 6 to 12 months, underscoring the potential upside ahead of the MSCI ruling.