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Nine years after the start of the Bitcoin ledger, the digital asset has finally gathered widespread attention, including from Nobel economics prize winners. Robert Shiller, an American Nobel Laureate and Sterling Professor of Economics at Yale University, who has commented on cryptocurrencies on previous occasions, said Bitcoin is an...
The advent of the cryptocurrency market is mimicking that of some of history’s most failed monetary experiments, according to Robert Shiller. Shiller: ‘No One Can Explain How Cryptocurrencies Work’ Writing in a new blog posted today, the Yale professor and Nobel-winning economist wrote that enthusiasm for the cryptocurrency...
Yale professor of economics Robert Shiller has changed his tune when it comes to the longevity of Bitcoin. Shiller Starting to Come Around on Bitcoin The noble prize winning economist has been a mainstay on programs like CNBC’s Trading Nation where he has taken a harsh stance on the...
Most people are seemingly convinced Bitcoin is in a bubble. If that is the case, the value of this cryptocurrency will collapse very soon. Nobel laureate Robert Shiller agrees with most of these statements. In his opinion, the world’s leading cryptocurrency will either implode or limp on while...
Nobel Prize-winning economist Robert Shiller appeared on CNBC’s “Closing Bell” earlier today. During the interview he commented on the “strange enthusiasm” people seem to have for Bitcoin but ultimately sums up the cryptocurrency up as a “fad”, comparing it to the phenomena of bimetallism. For those unaware, bimetallism...
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