On November 24th, as per Cointelegraph, the resistance against the financial services behemoth JPMorgan Chase is escalating rapidly within the Bitcoin community and among the supporters of Strategy. The call on Sunday to “boycott JPMorgan Chase” is gathering momentum. The anger of the Bitcoin community stems from a piece of news: The index provider MSCI (formerly known as Morgan Stanley Capital International, which is responsible for determining which companies are included in an index) may exclude the cryptocurrency treasury company from its indices in January 2026. This news was disclosed by JPMorgan Chase in a research report. In response, the Bitcoin supporter and real estate investor Grant Cardone said: “I have just withdrawn $20 million from Chase and am suing them for credit card fraud.” As the online boycott movement gains heat, the Bitcoin advocate Max Keiser also called out: “Bring down JPMorgan Chase and buy Strategy and BTC.” Strategy joined the Nasdaq 100 Index in December 2024 (consisting of the top 100 tech companies by market capitalization), thereby reaping the benefits of massive capital inflows from passive index funds. In response to the adjustment proposed by MSCI, Saylor responded publicly: “Strategy is not a fund, not a trust, and not a holding company.” “Funds and trusts are passive holders of assets; holding companies only hold investments.” He further stated that Strategy is a “Bitcoin-backed structured financial company.”
