Is this an unemotional analysis of the facts? Or a child having a temper tantrum over things that didn't go their way? It seems very arrogant that he would claim he's not wrong, that the market is wrong, after making such lofty predictions with zero apology.
He is basically saying that the selling isn't being driven by normal market forces. Saying that the SEC scaring a lot of ICO projects into dumping their btc/ether to pay back investors is a big part of this. Also possibly tax related selling along with market manipulation are all contributing to lower prices than make sense based on past/historical btc pricing models.
I'm inclined to believe that. I figured since Bitcoin hit resistance at 20K and had support at 6k multiple times that it's true value was closer to 26k / 2
Eventually these ICO projects will run out of btc and ether to sell, and in a few weeks we turn the page on another year. I think things will start to turn around come January personally.