Bitcoin Community Calls for Boycott of JP Morgan Over MSCI Index Changes
- The Bitcoin community’s backlash against JP Morgan intensified following MSCI’s potential exclusion of crypto treasury companies from its indexes in January 2026.
- Real estate investor Grant Cardone announced he withdrew $20 million from Chase, citing credit card issues as part of the boycott movement.
- Michael Saylor, founder of Strategy, clarified that his company is a “Bitcoin-backed structured finance company,” not a fund or trust.
- The proposed MSCI change would require treasury companies with over 50% crypto holdings to lose index status, risking significant sell-offs and impacting digital asset prices.
This backlash highlights the tension between traditional financial institutions and the cryptocurrency sector, particularly as MSCI’s criteria could lead to reduced investment flows into Bitcoin and related entities.
As calls for action grow, the potential exclusion of crypto treasury firms from major indexes could significantly affect market dynamics and investor sentiment. (Source)
