He is not saying what you think he's saying for #1. He's saying that if in 10 years or whatever, 1 bitcoin is worth $2M, why would you ever spend your 1 bitcoin

He is not saying what you think he's saying for #1. He's saying that if in 10 years or whatever, 1 bitcoin is worth $2M, why would you ever spend your 1 bitcoin now when it's going to be worth so much money in the future. This means people are going to horde, or it's not going to become so big.