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Price discovery, the mechanism through which markets reveal this information, is essential for economic calculation and resource allocation. But what happens when markets operate with less liquidity, ...

And that only happens through price discovery and the establishment of benchmarks — which are crucial in every commodity market, from crude to corn. “There would be a lot more hesitancy to ...

“Once you break through an all-time high, that’s price discovery. What is this thing worth? The world is going to try and figure that out.” Perspective: Based on the history of the bitcoin ...

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