Investor Grant Cardone boycotts JPMorgan in support of Strategy

U.S. real estate investor Grant Cardone is leading a boycott against JPMorgan Chase after the bank warned of massive potential outflows from Strategy, Crypto Briefing reported. Cardone announced that he has closed his JPMorgan accounts and moved his funds to Wells Fargo, urging anyone concerned about scams to stop using Chase credit cards. The move follows a JPMorgan report that warned Strategy could face up to $2.8 billion in outflows if the company is removed from the MSCI index. Strategy's stock price subsequently fell sharply, dropping below $200 and hitting a yearly low of around $170 on Friday. Members of the cryptocurrency community have pushed back, describing the situation as a deliberate attack.