Here's what he said. Not quite clear but it's implied by his language - emphasis mine:
Our 5.5 gigabytes a second really should translate into something like a hundred times faster I/O than PS4 and allow the dream of no load screens and super-fast streaming to become a reality. Having said that expandability of our SSD is going to be quite important, flash is costly and you may very well want to add storage to whatever we put in the console. Now the kind of storage you need depends on how you're going to use it.
If you have an extensive PlayStation 4 library and you'd like to take advantage of backwards compatibility to play those games on PlayStation 5 then a large external hard drive is ideal you can leave your games on the hard drive and play them directly from there thus saving the pricier SSD storage for your PlayStation 5 titles or you can copy your active PlayStation 4 titles to the SSD. If your purpose in adding more storage is to play PlayStation 5 titles though ideally you would add to your SSD storage we will be supporting certain m2 SSDs these are internal drives that you can get on the open market and install in a bay in the PlayStation 5 as for which ones we support.
Suggesting the less-ideal option is to put PS5 games on the HDD and, presumably transfer to SSD when you want to play!?!