MA's latest is on Bitcoin, where he likens the volatility of btc to the crash in mutual funds in the 60's (ie, funds dropped by 80% when the Dow dropped by 25%). He just sees it as an asset with high volatility and not a currency or store of value. But he also says that after the crash, the tech may be the future.
There will undoubtedly be more rises and falls but overall the cryptocurrency field is an entire ecosystem with myriad uses in so many other industries that looking at it as simply an asset class misses the big picture. The bitcoin unit is only part of the whole; without a thorough understanding of the system it can be difficult to assess it holistically. I think Armstrong may have stopped at a mostly superficial comprehension.
Since Armstrong first started posting about Bitcoin, he seems to have changed his stance. It has been suspected that there wasn't enough data for Socrates to develop a high-confidence forecast. Whether that has changes, who knows?
One thing to note is that Armstrong is calling for the DOW to rise significantly. If anything, crypto would be aligned with private assets and therefore rise along with equities in the near-term.
Additionally, Bitcoin is a politician's wet dream: tracking and control with a keystroke. It appeals to all parties but will eventually trap users.