To make his statement more clear, He says..
“Buying Bitcoin gets you nothing but an entry into a ledger that proves someone wasted enough electricity to run trillions of numbers through a formula until they found one that passed. All you can do with this is sell it to someone else. It is like a transferable entry in the International Star Registry or the Who’s Who of Whatever. At least with gold, you have a beautiful and useful piece of metal."
Misinformation or Delusion?
it's true but only without adoption as a payment method.