As a follow up to Nic Carter's excellent breakdown of the efficient market hypothesis, and PlanB's piece addressing the market's evaluation of the risks in Bitcoin, I go through the reasons I feel the market both is very unwilling and unconfident about the consequences of the halving, and therefore sees it not as "known information," but more a blind gamble.\n\nFor diving deeper into the many topics and works that I brought up, here are the links of all those I remembered:\n\u2022 Nic Carter's "Introduction to the Efficient Market Hypothesis"\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_343---Introduction-to-the-Efficient-Market-Hypothesis-for-Bitcoiners-Nic-Carter-eac03b\n\u2022 PlanB's "Efficient Markets and Bitcoin's Stock-to-Flow"\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_344---Efficient-Markets--Bitcoins-Stock-to-Flow-PlanB-eaco0i\n\u2022 Hayek's "Use of Knowledge in Society" [Part 1 & 2]\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_250---Use-of-Knowledge-in-Society-Part-1---F--A--Hayek-e43pfj\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_251---Use-of-Knowledge-in-Society-Part-2---F--A--Hayek-e444k0\n\u2022 Parker Lewis's "Bitcoin is Not Backed by Nothing"\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_335---Bitcoin-is-Not-Backed-by-Nothing-Parker-Lewis-e9v1rs\n\u2022 Hoppe's "Yield From Money Held Reconsidered"\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_122---The-Yield-From-Money-Held-Reconsidered-e2ndqn\n\u2022 Conner Brown's "Bitcoin Has No Intrinsic Value, & That's Great!"\nhttps://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_249---Bitcoin-Has-No-Intrinsic-Value---Thats-Great--Conner-Brown-e43bcm\n\nDon't forget to grab your tickets to BitBlockBoom and use the offer code CC for a 30% discount!\nhttps://bitblockboom.com/\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message