This isn't bad news at all.  It's merely an investor expressing his opinion on bitcoin, and it doesn't even sound like he blasted it at all.  He's merely skeptical of bitcoin's value, which I confess I am as well.  People who make their living trading stocks and such won't necessarily have any need whatsoever for crypto, and that's something we all should expect and accept.  It's the same thing with Warren Buffett, who has expressed his doubt as well.

Time will either vindicate the true believers or not, but crypto has been around almost 10 years now and it's been an incredible ride so far.  And think about this, 1BTC=$7500.  Bitcoin started at basically zero in 2009.  That is incredible progress.