Supporters of Bitcoin
The call for a boycott grew after the bank shared research about upcoming changes from MSCI, an index provider that helps decide which companies are included in certain stock indexes.
MSCI, which was once part of Morgan Stanley, plans to remove companies that hold a large share of their assets in cryptocurrencies from its indexes starting in January 2026.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Crypto Fees Explained: How Not to Overpay? (Animated)
This would affect treasury firms that keep half or more of their balance sheets in digital assets. These companies would then have to either cut their crypto holdings below that level or lose access to funds that follow MSCI’s indexes.
JP Morgan mentioned these planned changes in a recent note to clients.
Real estate investor and Bitcoin supporter Grant Cardone said:
I just pulled $20 million from Chase and suing them for credit card malfeasance.
Another Bitcoin promoter, Max Keiser, added, “Crash JP Morgan and buy Strategy and BTC”.
In response, Strategy’s founder, Michael Saylor, explained that his company should not be grouped with funds or trusts. He said:
Strategy is not a fund, not a trust, and not a holding company.
Saylor described Strategy instead as a company that “creates, structures, issues, and operates” using Bitcoin-backed financial products.
Meanwhile, Peter Schiff has accused Strategy of running a fraudulent business model. What did he say? Read the full story.
