American real estate entrepreneur Grant Cardone, along with Bitcoin supporters, called for a boycott of JPMorgan Chase.

American real estate entrepreneur Grant Cardone, along with members of the cryptocurrency community, has called for a boycott of JPMorgan after the bank warned that Strategy (MSTR) could face outflows of up to $2.8 billion if it is removed from the MSCI index. JPMorgan analysts stated in a report this week that if other index providers follow MSCI's lead, total withdrawals could reach $8.8 billion. As a result, Strategy's stock (MSTR) fell below $200 on Wednesday and continued its decline to a year-to-date low of around $170 by Friday's close. The stock had previously peaked above $450 in mid-July, and is down 41% year-to-date. Bitcoin supporters accuse JPMorgan of a "premeditated attack" on MSTR shareholders, with prominent figures including Max Keiser and John Deaton participating in the boycott. The community also accuses JPMorgan of shorting MSTR and criticizes its association with Jeffrey Epstein.