JP Morgan's report shows in December 2017 when BTC cost 12 K — capitalization was $330 billions. So in 2017 year only 6 billion real (fiat) money came in crypto which made 330 (!) billion capitalization.
Report claims  only 0.018 tokens based by real money, all the rest are the result of getting listed in big exchange and hype ratio?

What's your thoughts on that?

https://www.zerohedge.com/news/2017-12-02/jpmorgan-has-some-bad-news-bitcoin-bears