Yes.

What is surprising to me, is that bitcoin is not valued more in US dollars.

I think that it's caused by an information asymmetry, some deliberate price suppression & a general lack of liquidity in markets right now.

I'm not worried, but I am a little surprised. I guess I am biased against the risks in holding USD derivatives & perhaps how soon these risks will eventuate. I would have thought bitcoin was worth more than this as a hedge. 🤷