“Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another.” – Parker Lewis Skipping around a little bit in the “Gradually, Then Suddenly” series, we read…
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“Money is an intersubjective problem, and a choice to opt into one monetary medium is an explicit opt out of the other, which in turn causes one network to gain value (and utility) at the direct expense of another.” – Parker Lewis
Read MoreAs a follow up to Nic Carter’s excellent breakdown of the efficient market hypothesis, and PlanB’s piece addressing the market’s evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as “known information,”…
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As a follow up to Nic Carter’s and PlanB’s articles on how the markets are pricing Bitcoin’s supply and known halvings, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving. It is less “known information,” and more a blind gamble.
Read More“A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true.” – PlanB If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a…
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“A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true.” – PlanB
If the efficient market hypothesis requires that known events be priced in, then how could the S2F be a model for Bitcoin’s price? When such an obvious and unchanging piece of information is available, shouldn’t the market price it in? Continuing with the foundation laid from yesterday’s article, we read Plan B’s piece on what a risk & return model might tell us about the market’s pricing of Bitcoin ahead of the halving.
Drop some applause on the original article at the link below and don’t forget to follow @100TrillionUSD (PlanB) if you haven’t already!
https://medium.com/@100trillionUSD/efficient-market-hypothesis-and-bitcoin-stock-to-flow-model-db17f40e6107
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“A first reaction could be that it is a great investment opportunity. A better reaction (from an EMH and non arbitrage point of view) would be that it is too good to be true.” – PlanB
Read More“So is the halving “priced in” or will it be a catalyst for appreciation? […] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities.” – Nic Carter You are definitely gonna want to hear Nic’s incredibly thorough argument as to why in this article! Breaking down…
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“So is the halving “priced in” or will it be a catalyst for appreciation? […] I consider it patently absurd that a change in issuance would have been overlooked by the price-setting entities.” – Nic Carter
Read More“Because of their digital nature, many people still object to bitcoin, refuse to take it seriously or consider it altogether too scary. […] It’s the perfect combination of the advantages from the analog as well as the digital world.” – Pascal Hugli Don’t miss another great article from Bitcoin Magazine on the incredible change that…
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