The author’s chart on Bitcoin trading volumes illustrates the fundamental illusion underlying Bitcoin. Only about 12% of Bitcoin volume is against currencies with hard values. 88% is traded within the crypto ecosystem at values largely based on Tether which, if not fraudulent, are largely artificial or manipulated. See the excellent article by Jeff Wise.
The cryptocurrency market’s reliance on Tether is a recipe for disastermedium.com
The author’s arguments in support of Bitcoin are largely meaningless as the underlying bitcoin market is illusory.