I’m not sure whether this answers your question, but Zvi is an MTG Hall of Famer and knows some stuff about risk. (There’s also some overlap between MTG progamers and Poker players.) And separately, he’s working in the crypto space (on a trading card game called Emergents), so he’s not clueless about the domain.
Apart from that, “efficient markets” is a strong argument, but not a slam-dunk one.
And finally, these are just his initial musings based on very early information, so even if one thought they had an edge here, they’d still have to think hard about whether acting earlier but with less reliable information was better than waiting for better information.
EDIT: To be clear, I have no clue about investing in cryptocurrency.
I’m not sure whether this answers your question, but Zvi is an MTG Hall of Famer and knows some stuff about risk. (There’s also some overlap between MTG progamers and Poker players.) And separately, he’s working in the crypto space (on a trading card game called Emergents), so he’s not clueless about the domain.
Apart from that, “efficient markets” is a strong argument, but not a slam-dunk one.
And finally, these are just his initial musings based on very early information, so even if one thought they had an edge here, they’d still have to think hard about whether acting earlier but with less reliable information was better than waiting for better information.
EDIT: To be clear, I have no clue about investing in cryptocurrency.