I think he was right. My criterion for whether someone's in a cult is that eerie feeling talking to them, where they get angry at any challenge, they can never quite seem to explain why they're as invested (metaphorically and literally) as they are, and so forth. It's that sense that they themselves don't know why they do it, and there's a lot of emotional pathology that goes into shutting off from the outside world and protecting their obsession from reality. That absolutely typifies Bitcoin/crypto obsessives I've met.