At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem. True, the US is not Zimbabwe, or Venezuela, but is a bright person like himself not aware that a dollar or pound is worth a small fraction of itself decades to a century ago?
Is it possible to stop people from telling half truths all the time?
Everyone is quick to say that the dollar depreciated like 99% during the last 100 years but why are they so forgetful to add that it is not just the dollar that lost value but also salaries and wages that rose proportionately, while the real purchasing power of people today is incomparable to what it had been 100 years ago?
The nominal value of the dollar (and how much it can buy) is irrelevant since it doesn't mean anything on its own without considering how much people can buy with their income. You can add a couple of zeros or subtract as many but as long as incomes change proportionately, it is completely inconsequential