PANews
PANews|Nov 23, 2025 23:32
[Bitcoin Community and Strategy Supporters Call for 'Boycott' of JPMorgan Over MSCI Proposed Rules Report] According to Cointelegraph, on Sunday, calls to 'boycott' JPMorgan intensified as resistance from the Bitcoin community and Strategy supporters against JPMorgan continued to grow. This came after reports that MSCI is proposing new rules to exclude companies with more than 50% of their assets in digital assets from major indices, sparking outrage within the Bitcoin community. JPMorgan mentioned MSCI's latest updates in a research report. JPMorgan stated that if Strategy is excluded from mainstream indices like MSCI, it could trigger up to $2.8 billion in fund outflows. Michael Saylor responded by saying that index classifications cannot define Strategy. Real estate investor and Bitcoin advocate Grant Cardone, in response to the call to boycott JPMorgan, stated: 'I just withdrew $20 million from JPMorgan and filed a lawsuit against them for credit card violations.' As the online boycott movement gained momentum, Bitcoin advocate Max Keiser remarked: 'Take down JPMorgan, buy Strategy and Bitcoin.' The exclusion of crypto asset reserve companies from stock indices could lead to automatic sell-offs of their stocks by funds and asset management companies mandated to purchase specific types of financial instruments, potentially causing a negative impact on the cryptocurrency market.
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