As Bitcoin for smaller and smaller quantities buys more and more his hypothesis is based on Fiat and not Bitcoin.

He's over invested in Bitcoin mining and he's not able to recover his Fiat investment fast enough.

He can welcome himself to the club of greed and like the rest of us learn the lesson that Bitcoin is not the liquidity for buying everything. It's better but still is not the liquidity.

The majority of services we use still do not accept Bitcoin. Even Bitcoin people do not want to give you their addresses to large purchases.

Fear is very high for transactions that are large and affordable. There is no fear for transactions that are small and infinitely inexpensive.

Now that the government has a confiscated Bitcoin fund businesses will still not want to disclose their holdings. Some will not want it published at all.

It will take mass confusion before Bitcoin will be valuable and useful. Large miners will go broke. Small miners will become like toasters.