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It could instead be considered an offshoot.
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Bitcoin MEGA MOVE Just Happened! Cardano Is Next! (CRITICAL 24 Hours)This study examines whether the Bitcoin market satisfies the (weak-form) efficient market hypothesis using a quantum harmonic oscillator. Several studies have directly compared gold and bitcoin, either based on volatility using GARCH models [1,2], or by contrasting their safe-haven properties [3]. With this said, cryptocurrency is not backed or recognized by any country or government entity. This article briefly compares traditional currency and.