CryptoQuikRead_344 - Efficient Markets & Bitcoin's Stock to Flow [PlanB]
Bitcoin Audible24 Jan 2020

CryptoQuikRead_344 - Efficient Markets & Bitcoin's Stock to Flow [PlanB]

"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." - PlanBIf 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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