JP Morgan didn't FUD against Bitcoin, Jamie Dimon did, but it was his personal opinion and not an official statement of the company.
JP Morgan didn't buy any big amount of coins to hodl them, because they believe in Bitcoin, they bought some Bitcoin-based derivatives to speculate on them.
JP Morgan wanted to create their own coin, a stablecoin like Libra, which would make them a competitor of Bitcoin, at least in some sense.
There's no solid proof that institutions buy Bitcoin after spreading FUD, it's just a conspiracy theory.
Then how do you describe Nouriel Roubini that was FUDing all day about how wrong we are on cryptocurrencies and how he did stop talking about Bitcoin the same moment we started moving up again?
Same moment that twitter stopped suspending cryptocurrency promotional accounts and when facebook decided to stop deleting accounts promoting Bitcoin and crypto.
Also same moment when twitter CEO went full FOMO on Bitcoin by promoting it with his tweets.
Wasnt that co-ordinated? And all the twitter bot accounts with 100K paid followers that told you to buy at 14K? This was spontenious too?
You are saying that Jamie Dimon went against his company policies as a CEO and was discrediting their investment? You obviously have no clue how corporations and banks work/think.
This is all planned and executed in all detail. This is no UFO's to talk about conspiracies. I'm amazed by your simplicity into calling this is a conspiracy theory.