Like most early adopters, he's actually smart and sane enough to see where this is going. The cultists are typically the people that entered Bitcoin in 2013 or later. Most cultists and permabulltards own less than 100 BTC.
But but but you entered bitcoin in 2013. Weren't you calling for prices of 100k in early 2014!?
Yes, I was also a cultist and a permabulltard once. But I managed to get out of the cult.
You'll probably escape the cult too some day.