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Peak Prices: the Problems of Money Illusion and Regularity of Returns
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Peak Prices: the Problems of Money Illusion and Regularity of Returns

dave the wave
Dec 18, 2024
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Peak Prices: the Problems of Money Illusion and Regularity of Returns
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Dear Readers,

With BTC currently breaking to new highs, people are naturally focused on possible peak price, for as we all know - Bitcoin is volatile. This article will look at the way in which the peak can be both under-estimated on the one hand, and over-estimated on the other. In the first case of under-estimation, I’ll describe the way in which money…

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