by a government and recognized by other governments which gives it a sense of value regardless whether it is used for legal or illegal business transactions. Whereas Bitcoins have no government backing and no regulations which has created a "Wild West" environment. It also helps explain why banks were not willing to not willing to allow Bitcoin companies or entrepreneurs to open bank accounts back in 2013. https://www.forbes.com/sites/kashmirhill/2013/11/15/bitcoin-companies-and-entrepreneurs-cant-get-bank-accounts/#2de1e7e0260d

I did find a couple more recent articles that suggest banks may be slowly changing their position, but still wary of it.

https://www.investors.com/news/when-will-banks-trade-bitcoin/

This August 31, 2017 article may be where he got some of his ideas from. One thing I found interesting about it is the section where it talks about the tax implications and how Bitcoins are viewed as property and not currency.

http://dailycampus.com/stories/2017/8/31/cryptocurrency-why-you-should-be-wary-before-investing