Michael Saylor called JPMorgan's report on MicroStrategy being removed by MSCI "alarmist," and the encryption community accused him of malicious shorting.

JPMorgan analysts released a report last week stating that MicroStrategy may be removed from major stock indices. The core of this warning is that the Bitcoin held by MicroStrategy currently accounts for more than 50% of the company's total assets. The analysts specifically pointed out that the MSCI US Index is reviewing whether companies holding large amounts of Digital Money should remain in traditional stock indices. MicroStrategy holds over 649,000 Bitcoins, making it the largest Bitcoin-holding company currently.

JPMorgan estimates that MicroStrategy's removal from the MSCI index could lead to an automatic sell-off of about $2.8 billion in Bitcoin. If other index providers follow MSCI's decision, the total outflow could reach $8.8 billion, according to the bank's calculations.

At the time of this report's release, the price of Bitcoin has fallen by more than 30% from its historical peak. Currently, the trading price of Bitcoin is around $86,000, while the entire cryptocurrency market has seen its market value evaporate by $1 trillion over the past month. The stock price of MicroStrategy has dropped 69% from its historical high of $543 per share. The timing of JPMorgan's report during this market downturn has drawn criticism from the cryptocurrency community.

On October 10, MSCI released a consultation document exploring whether companies holding large amounts of digital assets meet the inclusion criteria. The final decision on whether MicroStrategy will be included in MSCI is expected to be announced on January 15.

MicroStrategy CEO Michael Saylor responded to these concerns, stating that his company is a software enterprise and has a positive financial strategy. He told CoinDesk that JP Morgan's report is “alarmist,” and any potential exclusion may have already been reflected in the stock price.

Social media users accuse JPMorgan of hyping old news to suppress MicroStrategy's stock price. Notable figure in the cryptocurrency space, Adrian, claims that the bank's report is based on outdated consulting documents from October, aimed at accelerating sell-offs.

Some community members are calling for a boycott of JPMorgan Chase. Businessman Grant Cardone stated that, in light of this situation, he has transferred $20 million from all his accounts to another bank.

Reports indicate that the lending activity of MicroStrategy's stock has increased, allowing brokers to lend shares to short sellers. This has sparked speculation that JPMorgan may hold a short position in the stock.

Crypto KOL Max Keiser stated that a 50% increase in MicroStrategy's stock price could pose problems for any large short positions. Crypto-supporting lawyer John Deaton ( mentioned the GameStop short squeeze event, hoping that MicroStrategy could experience similar results. (CoinCentral)