Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

Researchers have claimed that an experiment with Bitcoin generated returns almost 300% higher than simply holding onto the cryptocurrency. These researchers tested the “efficient market hypothesis” (EMH) against Bitcoin and were able to develop an optimal model, according to their study. EMH is a controversial theory that suggests an asset’s share price reflects its fair market value and all applicable market information. The researchers’ models outperformed the hodl strategy by nearly 300% in simulated crypto portfolios. They concluded that their models enabled investors to record higher profits than if they had followed the traditional buy and hold strategy. The researchers from the International Hellenic University and Democritus University of Thrace in Greece published their findings in a research paper. They used historical data and simulated portfolio management to conduct their study, which may not convince skeptics of the efficacy of EMH. However, it does suggest that EMH can be a useful tool for Bitcoin and cryptocurrency traders.