It's because he is convinced BTC will topple the central banks. I personally think BTC and crypto in general is only going to grow but the idea that BTC will ever be properly used as p2p digital cash (Satoshi's original vision) is fanciful.
There is certainly a lot of corruption and inefficiency in the current financial system but it won't one day just flip to crypto, like all things it's not black and white and will be somewhere in the middle.
The thing I find quite crazy is that the total value of negative yielding bonds is over 15 trillion dollars. Inflation is no joke and the S&P 500 is hitting new all time highs basically every day but I agree, this tapering has to be priced in
i dont think btc will topple the central banks of the powerful nations US EU UK china etc,
but it will in so called developing nations that use the dollar for trade like nigeria,turkey,venezuala,mexico,argentina etc etc!
i also predict btc will take most of golds market cap and institutions and governments will hold it instead of the shiny rock!
you are losing money holding gold,it is not a good hedge against inflation,it makes nice jewellery though!