‼️ Representatives of the crypto community are boycotting JPMorgan
🟠 In the USA, a number of well-known crypto influencers have launched a campaign against the banking conglomerate JPMorgan, urging bitcoiners to withdraw their funds from the institution and not to use its services.
✅ The situation was provoked by an analytical note from JPMorgan Research, which warned investors about the possible exclusion of cryptocurrency "treasury companies" ( including Strategy) from MSCI indices.
Meanwhile, although the MSCI indices are called - Morgan Stanley Capital International, the bank itself does not influence the methodology of MSCI and has no right to change the composition of the indices.
✅ However, the JPMorgan note was perceived as a threat and pressure on bitcoin and companies holding BTC reserves.
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‼️ Representatives of the crypto community are boycotting JPMorgan
🟠 In the USA, a number of well-known crypto influencers have launched a campaign against the banking conglomerate JPMorgan, urging bitcoiners to withdraw their funds from the institution and not to use its services.
✅ The situation was provoked by an analytical note from JPMorgan Research, which warned investors about the possible exclusion of cryptocurrency "treasury companies" ( including Strategy) from MSCI indices.
Meanwhile, although the MSCI indices are called - Morgan Stanley Capital International, the bank itself does not influence the methodology of MSCI and has no right to change the composition of the indices.
✅ However, the JPMorgan note was perceived as a threat and pressure on bitcoin and companies holding BTC reserves.