Yes agreed. It was odd the harsh rhetoric he used. I mean the guy is investing big money in blockchain technology yet he had nothing nice to say about it?! From a guy in his position, knowing that every word he speaks gets dissected and analysed, it was very odd for him to be so over the top critical of Bitcoin.
In fact, my initial reaction upon hearing him was.... "this guy is short Bitcoin in a big way..." lol :)
Yes it just doesn't make sense and seems very hypocritical. Also ironic that a banker would use the term fraud after what happened in the financial crisis a decade ago - JP Morgan was a part of all that. People in glass houses and all that.