Jose Luna4
liked
$Bitcoin (BTC.CC)$ $Grayscale Bitcoin Trust (GBTC.US)$
The markets appear far more efficient on the banks of the Charles than on the banks of the Hudson.
- Fischer Black
Cryptocurrency has generally made a joke of the idea that markets are always or mostly always efficient. The efficient market hypothesis, commonly taught in introductory-level finance classes, holds that there are no free lunches in finance. However, as the late Fischer Black's widely-circulated quote illustrates, academic theories like these often collide with reality in the markets. Some current examples of obvious mispricings in the cryptocurrency markets include the large cash and carry arbitrage available in the Bitcoin futures market, and the NAV premium/discount swings of the popular Grayscale Bitcoin Trust, which has filed to convert its popular closed-end $BTC/USD (BTCUSD.CC)$ fund into an ETF.
The markets appear far more efficient on the banks of the Charles than on the banks of the Hudson.
- Fischer Black
Cryptocurrency has generally made a joke of the idea that markets are always or mostly always efficient. The efficient market hypothesis, commonly taught in introductory-level finance classes, holds that there are no free lunches in finance. However, as the late Fischer Black's widely-circulated quote illustrates, academic theories like these often collide with reality in the markets. Some current examples of obvious mispricings in the cryptocurrency markets include the large cash and carry arbitrage available in the Bitcoin futures market, and the NAV premium/discount swings of the popular Grayscale Bitcoin Trust, which has filed to convert its popular closed-end $BTC/USD (BTCUSD.CC)$ fund into an ETF.
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Jose Luna4
liked
$BTC/USD (BTCUSD.CC)$ $70k end of November
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Saludos desde El Salvador.
Jose Luna4
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$Bitcoin (BTC.CC)$
healthy pull back.. it will hit back 60k soon
healthy pull back.. it will hit back 60k soon
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Jose Luna4
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$Bitcoin (BTC.CC)$ Bitcoin at 58k for now, next time you check it BTC will be over 60k. Then when you forget and least expect it, BTC will move like a brand new shitcoin pump and become 85k-100k end of year.
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