Well, how often can you do that? He did it now and he burnt himself. Nobody will listen to this clown afterwards. But maybe he thought the timing was right. They bought in massively, riding on the Chinese uncertainty. So probably not a bad move for JPM.
If they bought in massively that's not what we're being shown.
Half a million is chump change for JPMorgan.
Probably one trader given the authorization to play with 0,1% of his portfolio on BTC, or something like that.
Whatsoever is the case; Jamie should have taken a good look of his banks first and then come out giving some statement about bitcoin. He simply hates bitcoin because he is fully aware of the threat that lays in bitcoin to the whole banking system.
On contrary to this, JP Morgan understands the importance of digital gold and could not resist its benefits for long. It would be much better for the bank and CEO to accept and support bitcoin, which is the future of money.