His firm depends on Bitcoin success, and Bitcoin success for them is mostly based on the price going up which eqauls to more spending when the price going down means more hoarding, so take everything these companies and their investors says with a grain of salt.

Edit: and when he admits that there are a lot going behind the scenes it is even scarier, now we know that these wall street traders/investors were buying behind the scenes and they are now trying to "pump" their investment, in fact they don't really give a shit about the technology neither do so many here...