According to Cointelegraph, a team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for Bitcoin (BTC $36,909 ) trading.
It is believed that EMH is a controversial theory. This theory is believed to have contributed to the development of models capable of outperforming the hold strategy by about 300% in crypto portfolios.
“We manage to generate models whose forecasts give investors the ability to record higher profits than the ones they would have if they followed the well-known buy and hold strategy,” Cointelegraph added.
To test this, researchers are expected to have developed four distinct artificial intelligence models trained with multiple data sets. Furthermore, they have also selected models against both “beat the market” and holding strategies.
(With insights from Cointelegraph)
