DongdaemunTrendsetter
Tue Jul 16 2024
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5 answers
858
Do cryptocurrencies have an efficient market hypothesis?
Could you elaborate on whether cryptocurrencies adhere to the efficient market hypothesis? The efficient market hypothesis posits that markets are inherently efficient, meaning that market prices reflect all available information and that it is impossible to analyze information or employ a trading strategy to achieve returns that exceed the market average. Given the decentralized, volatile, and relatively unregulated nature of the cryptocurrency market, does this theory still hold true? Or are there unique factors at play that render the efficient market hypothesis inapplicable in the context of cryptocurrencies?
