Efficient Market Hypothesis and Cryptocurrency prices
Alex: Does efficient markets hypothesis holds good for the market value of Cryptocurrencies at the moment?
Jason: The underlying technologies of bitcoin, ethereum, ripple and others, are new, fast evolving, complex and esoteric. No detailed investment research material is available to sizable section of the investors.
Alex: So, anything can happen to the value of the investment?
Jason: Yes, an investment here is a bet on a concept of the future, a venture bet.
Alex: Phew! so that means efficient markets hypothesis does not hold good here?
Jason: Yes! as of now.
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