PANews reported on December 31 that according to CoinDesk, MicroStrategy's stock price has fallen sharply since it announced its inclusion in the Nasdaq 100 Index. It is currently down about 30% from its high on December 14, falling from a peak of $543 to $300, a five-week drop of about 45%. Despite this, its stock price still rose by more than 400% in 2024, and has risen about 20 times since it began buying Bitcoin in 2020. Analysis pointed out that this adjustment may be the result of a breakdown in excessive optimism, which is in line with the cyclical phenomenon of price fluctuations in George Soros' "Reflexivity Theory". At the same time, while MicroStrategy's Bitcoin strategy attracts followers, it also intensifies the market's attention to its future volatility.