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18 sats \ 1 reply \ @Undisciplined 13h \ on: The 78 MicroStrategy-Bitcoin Followers (Financial Times, Nikou Asgari) econ
EMH is an equilibrium-type idea. New things throw us out of equilibrium and price discovery takes time.
I mentioned in one of these discussions that I think we're at one of the corner solutions where EMH doesn't hold (and won't until enough additional capital exists amongst the bitcoin believers).
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37 sats \ 0 replies \ @denlillaapan OP 13h
quite possible. Limits of available capital to mechanically move prices is (i.e. Shiller's limits to shorting paper) is one standard critique of the EMH.
Perhaps there's no way to do this fiat financial markets to BTC arbitrage except individual (wacky?) companies over time doing it.
I dunno, we'll live to see.
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