He isn't completely wrong in current state of high fees and high confirmation times, it's almost impossible to use BTC as an currency. But I doubt he has sold all his bitcoin, even if btc is unusable, it's still damn good investment. And well the BCH is pump is just because coinbase now has BCH.
Even if there are disadvantages of using bitcoin, still, no doubt
BTC is still the top digital currency in terms of usage and popularity.
So maybe, he's just saying that but in reality he has still some
BTC reserves. We don't know the real facts here.
He's only of those btc holders that "sold" his coins and other people who own btc are still buying more as they see it as a good investment.
So no need to panic selling your own bitcoin. Just another disrupting news in crypto world.