Bitcoin is a KYC and IOU asset meaning it's partial (social) credit already. And it will get only worse. Mixing is the fight for Bitcoin as actual money, but it's already an endangered species with the advancement of KYC and custodianship. Gold is dominated by IOUs in ETFs. He's absolutely right, though. There's a huge confusion in people. 99.99% of the people confuse money with (social)credit. Actual money as a bearer instrument without strings attached (fungibility and usabiliy) is very rare in this world. I'd even say it's not existent at the moment. Monero comes close, but due to it being so niche it has only little utility as of now.