Interesting chart.
It is definitely not the first time for him to spread such FUD. For instance, back in 2015 he said that bitcoin will not survive.
of course we all know that he has an obvious conflict of interest. He is the CEO of one of the biggest banks in the world and bitcoin is seen as direct competition. If bitcoin excels then they will lose out on customers. I wouldn't take him seriously at all. In fact Mcafee has actually challenged him on bitcoin. I think that we will be seeing a recovery to $4k+ very soon.
what Jamie cannot explain away is the first few years of bitcoin. There were a few believers back them who gave it a go - they mined and they saw several benefits if it took off. The least of which might be that they would get outrageously rich or that they should be spending lots of money and time trying to convince others to rush in and buy their coins off them.
There was no scam then and there is no scam now. Sure bitcoin is heavily speculated - perhaps as much as 80% or more than some "notional' long term store of value. And the exchanges are all insider trading etc.
But bitcoin continues to provide the simple benefits that existed since day one. That means its not a scam and it also means it will not die out unless its outlawed by governments, has some fundamental flaw etc. ie it is not going to die because people leave it because they feel scammed.
