While an actual COBOL is likely to more an oddity and emergency tool for ancient banks.
On the other hand, there is a time to really look at COBOL, the work-horse of a generation, and ask the important question: “What did it do right that we can steal?”
His joke lost me when he essentially said “I hate syntax so much I want to invent a new language with even more syntax! And I want that syntax to be even harder to learn and reason about!”
There’s stuff we should take from COBOL. Its syntax, however, is an experiment which failed.