Many from the crypto community are calling for a boycott on JPMorgan with “#BoycottJPMorgan” trending on social media. The movement, which gained momentum over the weekend, is linked to the rumours suggesting that the MSCI could delist crypto firms like Michael Saylor’s Strategy from its major equity benchmarks. The MSCI stands for Morgan Stanley Capital International that assists traders with market data and analytics.
Why #BoycottJPMorgan?
JPMorgan reportedly circulated a research report over the weekend that claimed that the MSCI could stop sharing market intelligence around crypto firms starting January 2026. The news came at a time when Bitcoin is trading at its seven-month low of $87,000 as of Monday, November 24.
BTC’s price slump coupled with the MSCI’s potential upcoming move significantly affected Strategy – that presently holds BTC 641,692. The price of its $MSTR reflected a drop of nearly seven percent in the last 24 hours to trade at $170.5 at the time of writing.
Bitcoin enthusiasts are now accusing JPMorgan of shorting the stock – wherein profit is churned from an expected decline in a stock’s price.
Defending Strategy in the MSCI Index matter Saylor said, “Index classification doesn’t define us. Our strategy is long-term, our conviction in Bitcoin is unwavering, and our mission remains unchanged: to build the world’s first digital monetary institution on a foundation of sound money and financial innovation.”
JPMorgan’s response to the situation remains awaited for now.