This article is the classic bellcurve.jpeg meme with both ends saying 1 BTC = 1 BTC, and the middle IQ band sprouting out this non-sense. To give concrete crit

This article is the classic bellcurve.jpeg meme with both ends saying 1 BTC = 1 BTC, and the middle IQ band sprouting out this non-sense. To give concrete critique, the author is using a complex financial instrument on an obscure exchange to make the case that sophisticated crypto traders would rather be paid in USD than Bitcoin. (with a meaningful, but overall small premium) As anyone who knows how professional Crypto markets work, its very nascent with a lot of arbitrage opportunity. When you see a 2-3% arbitrage in traditional markets, you can safely assume "market preference". But in Crypto land, it wasn't long ago that you can get a nice 20% arbitrage just by selling/buying Bitcoin between YEN/USD markets. It didn't mean that people had a preference between equal amounts of YEN/USD, it just meant an inefficient market with not enough professional market makers to arbitrage away the inefficiencies. (which how SBF of FTX made his money). The only reason one of the readers here won't arbitrage away that premium is they don't know how, or if they know how - they have bigger fish to go after.