Important points
- Grant Cardone and Bitcoin supporters are calling for a boycott of JPMorgan after the bank warned that Strategies would see a massive outflow of funds if it was removed from the MSCI index.
- JPMorgan has come under increasing scrutiny from the crypto community, having come under fire for its financial ties to Epstein and allegations of short selling MSTR.
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Prominent real estate investor Grant Cardone has joined members of the crypto community calling for a boycott of JPMorgan after the banking giant warned that it could face up to $2.8 billion in outflows if it is removed from the MSCI index.
JPMorgan analysts said in a note this week that total withdrawals could reach $8.8 billion if additional index providers follow MSCI’s lead.
Strategy stock (MSTR) fell below $200 on Wednesday following JPMorgan’s forecast, according to Yahoo Finance data.
The stock continued to fall over the weekend, hitting a yearly low of about $170 by market close on Friday.
The stock previously peaked at more than $450 in mid-July. Year-to-date, MSTR, which once outperformed most of the S&P 500, is now down 41% and has fallen about 57% over the past year.
Bitcoin supporters and members of the crypto community claim that JPMorgan launched a deliberate and premeditated attack on MSTR shareholders.
The accusations come from figures such as Cardone, Max Kaiser, an early and outspoken Bitcoin supporter and senior adviser to President Nayib Boukre, and pro-XRP lawyer John Deaton.
Just In: Many users are said to be rushing to close their accounts following a planned attack on JP Morgan $MSTR Shareholders. pic.twitter.com/396wK1ToGi
— ₿itcoin Therapist (@TheBTCTherapist) November 23, 2025
I canceled my JPM account and moved my entire account to Wells. Also, if you’re worried about fraud, don’t use a tracking credit card. This will continue in the future. pic.twitter.com/wi645YqdII
— Grant Cardone (@GrantCardone) November 23, 2025
There are also claims floating around the market that JPMorgan is shorting MSTR.
Critics have highlighted JPMorgan’s alleged ties to Jeffrey Epstein. The bank faces congressional scrutiny and subpoenas over its oversight of Epstein’s accounts and financial activities.
Is the GameStop vibe coming back?
As the backlash grows, some in the cryptocurrency community are warning that dissatisfaction with JPMorgan could lead to a GameStop-style response.
Deaton said if retail traders believe that banks are betting on MSTR, they may try to push the stock higher, like they did with GME, pushing the price higher.
“If Epstein Island and Lolita Express financier @jpmorgan (whose executives (Jess Staley, etc.) participate in child rape) is short on @saylor and $MSTR, I hope the GameStop angry trade happens and costs JPM billions,” Deaton wrote in X.
