You're correct and in the video he explains how you can work around it. This video caught my eye because I actually just set up a TPM on my computer the other day, but I use Linux so this Microsoft BS is not an issue for me. I specifically bought a TPM module for my desktop and use it to automatically decrypt my hard drive on boot. If someone physically removed the drive and tried to open it on another computer or modify the firmware or bootloader it would not work.