Getting the timing right is not easy, sure. He was right about 2008.

You may choose to believe that 2008 was an isolated event or it was just another systematic failure. I think we'll see another one soon, following the way governments treated covid.

I wish Bitcoin would succeed and bring us a step closer to anarchy - but Bitcoin doesn't have any backing and it's not a physical asset which can be used, worst case scenario, as jewellery. Its technology can be replicated entirely by a different coin (and it has, already). Its intrinsic value is null.

The reason the price is so high is because people hope to speculate on it and make money (which they have!) and because people expect the market and currencies to do badly, given the high point they reached. Also, governments' stimuli brought a lot of money in the hands of rich people; this money needs to go somewhere given the risk of inflation, so rich people are investing in growth stocks (eg. tech) and cryptocurrencies.

I'll be honest, I was expecting governments to destroy cryptocurrencies by now, but even without government intervention, I don't see Bitcoin ever holding any value or being stable, without backing. Maybe stable-coins will solve this.

I agree that going back to the gold standard would be an improvement, even better, I'd prefer if private companies could just print and back their own currencies. Instead of backing currencies with gold, you could back them with different commodities (eg: wood, iron, oil, etc). The machinery of freedom has an interesting chapter about how such a system may work.