I don't think he meant to say scam if what he was saying is that it can be manipulated by just a few entities, which is quite possible. However, Bitcoin was never created to dupe people. In fact it was the opposite, it was meant to empower individuals. And it is working. Why else would those in power be so afraid of losing their hegemony over the little people that they have unleashed their minions in the media to demonize crypto?