Can Bitcoin Investors Profit from Predictions by Crypto Experts?
نویسندگان
چکیده
Using a hand-collected dataset containing bullish, neutral, and bearish predictions for Bitcoin published by crypto experts, we show that neutral are followed negative abnormal returns whereas bullish not associated with nonzero returns. Based on all outstanding predictions, compute prediction revisions relative to (i) the latest issued (ii) consensus prediction. Downward We conclude experts skilled information intermediaries market.
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ژورنال
عنوان ژورنال: Finance Research Letters
سال: 2022
ISSN: ['1544-6131', '1544-6123']
DOI: https://doi.org/10.1016/j.frl.2021.102266