#bitcoin’s #volatility: To Infinity and Beyond!
▻https://hackernoon.com/bitcoins-volatility-to-infinity-and-beyond-f00b71fb7895?source=rss----3a
“Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the blockchain…. Bubbles are mathematically impossible in this new paradigm. ” — John McAfee, 46th(Maybe) President of the United States of AmericaWell, when John stated above, most of those who involved in cryptocurrency investing, at least as far as I saw, laughed it off and believed such claim made no sense. Empirically, this hasn’t aged well either, with bitcoin now hanging around 3500 USD per unit. However, if we look at this matter purely mathematically and statistically, he was actually more right than those who thought otherwise.Rigorously speaking, the definition of Financial Bubble is already flawed, bubble usually means the price of underlying hugely inflated from its (...)