Not entirely. He just said that Raftel is the destination, at the end of the ocean. When Luffy gets there, then his hat will be there as well, thus fulfilling the prophesy that One Piece is on Raftel!!! @_@
That IS one stylish hat.
.... uh huh.... nope, nope, not falling for your troll here Sirxxx, you know as well as I do its not the hat.