From the article --- “If bitcoin is wildly successful, I’m still holding on to a good chunk of bitcoin. It could be worth tens of millions of dollars, but it could be worth zero. It doesn’t make sense to hold more than that amount. I don’t have a desire to be a multi-billionaire. That’s not what motivates me, I have no desire to be filthy rich.”
Sounds to me like he is merely taking profits on a portion of his coins and diversifying into other things. Sounds prudent to me. I also hold stocks which I think all people should if they have the funds.
You make it sound more dire than it is.
Any of you out there that bought coins below 100 and never have sold any are crazy in my book. Taking profits on a portion of your gains is prudent...not reckless.
He's a scientist and engineer not a financial adviser.
When speaking to the media or other organizations (which he shouldn't be doing as he's terrible at it, lets not forget why Satoshi left) it is not good PR for your project to say 'this is a project to upstage the current financial system and I will be putting my life into making it succeed. But, oh, I'm also cashing out of what I perceive as a new financial system and investing in the old one'
Advising caution is fine, he shouldn't be saying anything about what he's doing with his coins though especially if it doesn't show much confidence in it.
As chief scientist he shouldn't be talking to the media about any of his speculative positions, it's a HUGE conflict of interest.