Grant Cardone and Bitcoin advocates urge boycott of JPMorgan over Strategy’s MSCI removal warning, Epstein ties
Grant Cardone and Bitcoin advocates are calling for a boycott of JPMorgan following its warning about potential outflows from MSTR.Summary
Prominent investor Grant Cardone has joined crypto community members, including Bitcoin advocates like Max Keiser and lawyer John Deaton, in urging a boycott of JPMorgan. The backlash follows a JPMorgan note warning that MicroStrategy (MSTR) could face up to $2.8 billion in outflows if removed from MSCI indices, which caused MSTR stock to drop significantly. Critics accuse JPMorgan of a premeditated attack on MSTR shareholders, with some alleging the bank is shorting the stock. Further fueling the anger are JPMorgan's alleged financial ties to Jeffrey Epstein, which have drawn Congressional scrutiny. Some advocates are warning that this frustration could lead to a GameStop-style retail trading rally to drive up MSTR's price and cost JPMorgan billions.
(Source：Crypto Briefing)