Bitcoin Community Rallies to Boycott JP Morgan Over Crypto Index Move
2 Investments Bitcoin supporters are calling for a boycott of JP Morgan after MSCI announced plans to exclude crypto treasury companies from its indexes, sparking fears of sell-offs and negative impacts on the crypto market.
The Bitcoin community and supporters of the BTC treasury company Strategy have intensified calls to boycott JP Morgan following news that MSCI, a major index provider, plans to exclude crypto treasury companies from its indexes starting January 2026. This exclusion could trigger automatic sell-offs of affected companies' shares by funds and asset managers, potentially reducing liquidity and negatively impacting the cryptocurrency market. The controversy escalated after JP Morgan shared the MSCI news in a research note, prompting prominent Bitcoin advocates to withdraw funds from the bank and threaten legal action. Strategy's founder emphasized that the company is a Bitcoin-backed structured finance company, not a fund or holding company, and criticized the proposed policy. The situation highlights ongoing tensions between traditional financial institutions and the crypto sector, with many in the Bitcoin community viewing the move as an attempt to undermine digital asset adoption and legitimacy in mainstream finance.
