Well, I don't think he understands the beauty of the block chain.  The Bitcoin "bag holder" still has private keys and proof of a lot of work attesting to their value.

But the early Bitcoin adopters got too much.  Not "too much" in the sense of "unfair" nor in the sense of "I want them" or "it can't work", but enough to plague the currency with exchange rate volatility for the foreseeable future.  Perhaps even enough to limit the exchange value's upside.