Sadly he does but he isn't alone on this, the whales basically wait for a reason to manipulate the market. They strive on fud from top figure citizens criticizing Bitcoin and act upon that to bring about fear into the market.

Noobs (and day traders) see a small decline in the market then begin panicking and selling their holdings in order to secure profit or cut down losses meanwhile they don't know they're simply playing into the trap the whales has set for them.

Bitcoin is too vulnerable that any small news can trigger a price reaction and majority of the time, this isn't the market reacting on its own but been manipulated.