I've definitely come to the same conclusion even if he isn't intending to actually do so.
The main issue is that he has a massive social following, so people will jump in on any specific project he mentions. Of course, people are then left with losses when the inevitable dump arrives.
I used McAfee's tweet about Electroneum as an example in my recent post. It was clear that there was going to be a major initial pump when he used described it as "the Holy Grail of cryptocurrency". Of course, it came crashing back down very quickly, and I'm sure a lot of people lost large amounts of money.
What is clear is that people with large social media presences need to be careful about outright name specific projects. People will pump money into anything without doing any prior research.