News

Jinse Finance reported that supporters of the Bitcoin community and Bitcoin treasury company Strategy have continued to voice strong opposition to financial services giant JPMorgan on Sunday, with calls to "boycott" JPMorgan growing increasingly louder. The Bitcoin community's dissatisfaction stems from news that index provider MSCI (formerly Morgan Stanley Capital International) plans to exclude cryptocurrency treasury companies from its index constituents starting January 2026. JPMorgan disclosed this MSCI-related news in a research report. Real estate investor and Bitcoin supporter Grant Cardone, responding to the call to boycott the financial giant, stated: "I just moved $20 million out of Chase Bank and filed a lawsuit against them for credit card violations." As the online boycott movement intensifies, Bitcoin supporter Max Keiser called out: "Crush JPMorgan, buy Strategy-related assets and Bitcoin."

Jinse Finance reported that Greg Cipolaro from NYDIG stated that the decline in bitcoin prices is driven by market structure mechanisms rather than sentiment, and key sources of demand are reversing. Spot bitcoin ETFs have continued to see capital outflows (with $3.55 billion outflow in November), while stablecoin supply is decreasing, indicating that capital is leaving the market. Cipolaro warned that the market may experience higher volatility in the short term, but he still maintains a long-term bullish outlook and advises investors to be prepared for volatility.