Techlead' opinion on crypto!

I am a diehard fan of the techlead. He is an former google tech lead and has a honest and down to earth perspective on everyday topics.

Recently he posted a video about crypto and why he does not trust bitcoin or crypto as a fiat replacement. The fee cost to transfer money is not reduced when crypto costs a transaction fee. Bitcoin takes up energy in mining and doing meaningless calculations to maintain its blockchain. Bottom line he made his point clear. Who else believes in techlead's crypto opinion?