This is a misunderstanding of what he is saying, mainly by omitting the next sentence. >This property is often described by the rather mystical and intimidatin

This is a misunderstanding of what he is saying, mainly by omitting the next sentence. >This property is often described by the rather mystical and intimidating statement that a qubit can exist simultaneously in both of its ↑ and ↓ states. He is saying that, at any given time, a traditional computer bit is in one of two basic states, while a quantum bit could be in multiple states at the same time.