Interesting point of view but I think the main part that he dislikes is the lack of regulation and the fact that governments can't have a grip on this and can't put taxes... In the end both are about trust, one, for fiat, is well established and is based on the trust you have in the system and your government... because in the end, you put your trust in coins and pieces of paper. On the other side, you trust a mathematical solutions and some pieces of code...
It's not that different, but I can clearly understand why someone completely invested in the system as we know it might be afraid.