Seems like he's preaching propaganda.

I still think April was so heavily related to the EU crisis and if speculators truthfully believed they wanted to get coins before people tried to buy coins for the purpose of sheltering their own savings from a bail in...obviously things calmed and a correction ensued.

This time around we have huge amounts of money invested by Bitcoin Trusts, more and more people have realized the bitcoin wasn't created so drug dealers could sell drugs online. The thing that pushes us forwards is more and more business adopting Bitcoin as payment. Even if one day bitcoin becomes the crypto "gold equivalent" and people spend Litecoin on a daily basis. This stiil achieves the idea that we can buy and sell with out having a fee built in by the banks. Essentially allowing us to do or make more with our wealth.