Unless you think the price dipped because everyone was ignorant of that yesterday but all collectively realized it today, this comment isn't really timely or novel.
When the supply of suckers starts to dry up that’s when the value that nobody can explain in real terms starts to become very interesting to watch.
Here's a site that tracks it: https://bitcointreasuries.net/
Again, if you know deeply that Bitcoin is a fraud then this probably just further confirms how crazy wacky the world is and doomed for a fall. I get it.
To me it's something else.
But I don't think the comment was aimed at explaining this specific correction, I think it was aimed at predicting a future, more precipitous fall.