Simply stated, he believes that Bitcoin has no value because he is personally unable to see any utility, and everything else he said follows logically from that.
His statements prove his narrow-mindedness, his lack of imagination, his lack of vision, his ignorance, and most importantly his arrogance more than anything else.
If he is a fiat enthusiast, then he must be a bitcoin hater probably. Because the only thing that a single individual will not believe on bitcoin because he has not experienced any good thing about it, thats why he will take opposite side of bitcoin. But we know the truth, we know how valuable bitcoin is, we know it has a great utility, so we should not fall on Peter Zeihan even if he has been doing great in most of his podcast.