Essentially he is VERY correct. It provides a huge motive for miners to get their $
BTC$
There is the age-old question: "What correlation of mining to coin-price"
The quick and simple answer is, there is NONE, and if anything, it is inversely proportional, ie. More mining = less price.
HOWEVER... if you look at the price of ASIC-mined coins over the long-term, you will see the opposite is also true. Example: this year Bitmain released the machine that doubled, quadroupled, 10x'd the network hashrate of LTC... yet LTC is doing better than ever. Ive even noticed an overall increase in other Scrypt coins.
the D3, and Dash... similar.
So i think there is that notion that. If a coin is so attractive that they would create a miner
just for that, chances are, its a solid project with a large potential uptake. The Obelisk miner is created by Nebulos, the guys that created SC. I put my money down on SC, and if you follow it. Looks like a real promising project with great application and great potential.
At the end of the day, we are all sitting in the same crypto-ship setting sail for paradise.