I think he referred to Bitcoin as a generic name for crypto currencies.
There will always be more than one crypto coin and new ones will keep appearing. And that in itself will solve the deflationary issue.
People will choose to buy and use them based on their name, their logo, their ease of use, based on what their peers use maybe even on what it's promised in their white papers. Almost all of the above enumerated properties look better on crypto currency at the very present moment than those of USD, EUR, Yuan and other fiat money.
There will always be more than one crypto coin and new ones will keep appearing. And that in itself will solve the deflationary issue.
People will choose to buy and use them based on their name, their logo, their ease of use, based on what their peers use maybe even on what it's promised in their white papers. Almost all of the above enumerated properties look better on crypto currency at the very present moment than those of USD, EUR, Yuan and other fiat money.