Sep. 15 at 6:49 AM
To value an asset more based on who holds it is ridiculous. One ETH costs
$4640 no matter on who's pocket is at ( Tom Lee 's pocket or @joechalom 's pocket)
In the end
$BMNR can't have a premium that is much greater than
$SBET. Neither could be the other way around The arbitrage is going to be played for years back and worth between the two. The price / Ethereum will lead to trades between in and out of one to the other and back for years.
This morning BMNR is overbought and SBET under bought. Someone with big pockets will come to this conclusion, and play the arbitrage sooner than later
A Tom Lee premium indeed is warranted but not the current premium.