The crypto community is blaming JP Morgan after MicroStrategy (MSTR) and Bitcoin suddenly dropped in price. Many traders believe JP Morgan played a direct role in pushing MSTR down, and calls for a full boycott of the bank are growing quickly.
How the Sell-Off Started
The chaos began when Bitcoin and MicroStrategy fell sharply without any warning. Traders were confused until Crypto Banter host Ran Neuner suggested that the drop might be linked to a possible MicroStrategy delisting from MSCI or NASDAQ.
The situation escalated after reports claimed MSCI plans to remove crypto treasury companies from its global indexes starting January 2026. This immediately caught the community’s attention and sparked panic across markets.
JP Morgan Accused of Triggering MSTR Pressure
Right after the MSCI news, trading firm Empery Digital accused JP Morgan of intentionally creating pressure around MicroStrategy. They said the bank’s sudden bearish stance was not normal market analysis but a targeted move.
Empery also reported that JP Morgan quietly raised margin requirements for MSTR on July 7, which they believe caused more volatility, forced liquidations, and deeper price declines.
MicroStrategy Chairman Michael Saylor responded by defending the company. He said MicroStrategy is more than a Bitcoin play; it is a real software business generating $500 million in yearly revenue and holding $7.7 billion in Bitcoin-backed financial products.
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Boycott Movement Gains Strength
The backlash against JP Morgan intensified when influencer Adam B. Liv called for a complete boycott and pointed toward old suspicious transactions linked to the Epstein case.
Real estate investor Grant Cardone announced he had withdrawn $20 million from Chase and said he was preparing legal action. Bitcoin advocate Max Keiser pushed the boycott further, urging the community to “Crash JP Morgan and buy MicroStrategy and Bitcoin.”
If MSCI proceeds with its plan, any company with over 50% of its balance sheet in crypto could lose index status. This would force several firms to reduce their crypto holdings to maintain access to passive capital flows that bring billions in liquidity.
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FAQs
They allege JPMorgan raised margin requirements on MSTR, triggering forced selling and a sudden price drop.
MSCI is considering removing companies with over 50% crypto holdings—like MicroStrategy—from its key equity indexes.
JPMorgan warns that exclusion could trigger about $2.8 billion in outflows from MSCI-tracking funds.
Yes — JPMorgan warns that MicroStrategy could be removed from the MSCI USA index and possibly the Nasdaq‐100.
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