His insistent view that a crypto currency is only worth the value that it places on miners is at best dishonest and at worst an outright lie.
Ok, lets just do the accounting for how the value gets into the chain and we'll soon see who is propagating the "outright lie".
Lets also see how "valuable" bitcoin becomes when it ditches its hashrate and adopts chainlocks instead to secure its network so that it can issue coins at no cost to anybody. They sure don't look like they're in a rush to do so and
neither is anybody else.