Bitcoiners accuse JPMorgan of rigging the game against Strategy, DATs
Analysis
Price Impact
HighJpmorgan's proposed leveraged btc product creates direct competition for corporate btc holders and is perceived by some as a tool to trigger margin calls. msci's proposed rule change to exclude crypto treasury companies from indexes could force major holders like microstrategy to sell large amounts of btc.
Trustworthiness
HighThe information is based on verifiable sec filings, msci proposals, and direct reports of community reactions and accusations from a reputable crypto news source (cointelegraph).
Price Direction
BearishThe combination of a powerful financial institution launching a competitive, leveraged product seen as potentially manipulative, and a major index provider threatening to exclude large btc holders (potentially forcing significant sales) creates substantial sell-side pressure and negative sentiment for bitcoin.
Time Effect
LongJpmorgan's product launches in december 2025, and msci's policy change takes effect in january. while immediate sentiment might shift, the structural implications and potential forced selling will unfold over a longer period.
Original Article:
Article Content:
Vince Quill 1 minute ago Bitcoiners accuse JPMorgan of rigging the game against Strategy, DATs The financial services giant has filed with the US Securities and Exchange Commission to launch a leveraged BTC financial product. Listen 0:00 12 News COINTELEGRAPH IN YOUR SOCIAL FEED Members of the Bitcoin community and supporters of Strategy, the largest corporate holder of BTC, are criticizing JPMorgan’s proposed Bitcoin-backed notes, accusing the bank of spreading fear, uncertainty and doubt about Strategy and other crypto treasury firms. JPMorgan’s notes are a leveraged investment product tied to the price of Bitcoin ( BTC ). The product tracks BTC but amplifies the outcome, giving holders 1.5 times the gains — or the losses — through December 2028. The notes are slated for a December 2025 launch, according to an SEC filing . The move drew sharp criticism from the Bitcoin community, with many saying that JPMorgan is now a direct competitor to BTC treasury companies and has an incentive to marginalize companies like Strategy to promote its own structured financial product. Fact sheet for JPMorgan’s Bitcoin notes. Source: JPMorgan “Saylor opened the door to the $300 trillion bond market and $145 trillion fixed income market. Now, JP Morgan is launching Bitcoin-backed bonds to compete,” said a Bitcoiner on X, adding that “the same institutions attacking MSTR are copying the strategy.” Bitcoin advocate Simon Dixon also noted that JPMorgan’s upcoming product exists “to trigger margin calls on Bitcoin-backed loans,” claiming that it will “force sell pressure from Bitcoin treasury companies in down markets.” On X, crypto enthusiasts and Strategy supporters are now calling for a boycott of JPMorgan , encouraging fellow Bitcoiners to close accounts at the financial services giant and sell any shares in the company they might own. Source: The Bitcoin Therapist Related: Strike CEO debanked by JPMorgan, Lummis sounds ‘Chokepoint 2.0’ alarm MSCI rule change proposal triggers clash The backlash against JPMorgan began when MSCI, formerly Morgan Stanley Capital International, a company that manages stock indexes and sets the criteria for index inclusion, proposed a policy shift excluding treasury companies from its products . The proposed shift, set to take effect in January, bars crypto treasury companies with 50% or more of their assets in cryptocurrencies from inclusion in the index. JPMorgan shared the proposed policy shift in a November research note, drawing sharp criticism from the BTC community and Strategy investors. Excluding crypto treasury companies from stock indexes deprives them of passive capital flows and could force these companies to sell off their crypto holdings to qualify for index inclusion, driving asset prices down further . Magazine: Pakistan will deploy Bitcoin reserve in DeFi for yield, says Bilal Bin Saqib # Bitcoin # Business # Bitcoin Regulation # MicroStrategy # Market Release # Bitcoin Adoption # Companies Add reaction