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That is also the reason why Bitcoin is a mega-bubble and can only go down to the price of an average coin, and not up to the moon.
This is the most stupid argument ever about Bitcoin. You can produce as many phones as you want.
Bitcoin is unique and it only allows humans to produce only 21 million ever.
This guy is just nonsense
He really doesn't know about Bitcoin and how it works. This kind of assumption and speculations don't have any basis which ironically won't make sense anymore. He is one of the fudders around and tried to mislead us, and he thinks that we are stupid enough to think that he was right.
For we know about Bitcoin for many years, and I'd never think that it will get into the point that it will be turning down deeper.