No,he thinks bitcoin is a bubble just like the time when people used to buy more and more houses back in 2005 and then prices suddenly started to fall even down,which is one of the main reasons for the recession to begin in 2008,all the loans borrowed from the bank weren't paid and this lead to closure of banks one by one but somehow the situation was handled.
Bitcoin is no where related to it ,its buyers have been increasing lately ,yes,but that's because they think this is a good reason for investment. But you can't say ,the price can down but hopefully some whales would help to give rebirth to bitcoin's price once again.