Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend.
In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a “blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.”
Fast forward to 2013, and Rob Arnott, CEO of Research Affiliates, conducted research mimicking monkeys using AI and actually discovered the monkeys had done a much better job than both the experts and the stock market. Closer examination proved the success was a result of the random selection of companies by the “monkey approach,” optimizing their success. However, it is a sobering thought that not only machines but possibly primates can outperform humans in stock picking.
It’s a small step, perhaps, to look at the potential of astrology to determine the future price of Bitcoin. Unlike a stock, whose performance is dictated by both the business performance of a company and the sector in which it operates, technical analysts’ predictions for Bitcoin price movements depend on reviewing charts and patterns — similar to that performed by astrologists.
In the gutter, looking at the stars
So, how do you predict the price of Bitcoin with astrology? Enter Maren Altman, who calls herself “your personal poet to the stars, especially on…