Meanwhile, JP Morgan is a big investor in Ethereum, has built Quorum, the private chain version of Ethereum and is a big player in the Enterprise Ethereum Allia

Meanwhile, JP Morgan is a big investor in Ethereum, has built Quorum, the private chain version of Ethereum and is a big player in the Enterprise Ethereum Alliance. But Dimon probably still would say Ethereum is a fraud too, it's strongly implied by his Bitcoin comments. He's talking about the whole cryptocurrency market, not just Bitcoin.