Yale University professor and Nobel Prize recipient, Robert Shiller, said he “doesn’t know what to make of bitcoin, ultimately.” A couple months ago, Shiller had pointed to the top digital currency by market capitalization as “the best example of a bubble.”
Shiller spoke of his uncertainty in a recent interview, saying that bitcoin “might totally collapse and be forgotten, and I think that’s a good likely outcome, but it could linger on for a good long time, it could be here in 100 years.”
Yale’s professor explained that a digital currency “has no value at all unless there is some common consensus that it has value. Other things like gold would at least have some value if people didn’t see it as an investment.”
Shiller remains skeptical about bitcoin, although he does not rule out the possibility of cryptocurrencies being around for a very long time. Although the value of bitcoin and other digital currencies have fallen in the past few months, with BTC trading for less than $12,000 per coin, that nonetheless is more than double what it was when Shiller made his previous comments in the fall of 2017.
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Table of contents
MOST TRADED ASSETS
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- Forex
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- Indices
- Commodities
- ETFs
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EUR/USD
1.05
Trade+0.38% -
USD/JPY
153.1
Trade-0.79% -
AUD/USD
0.65
Trade+0.1% -
GBP/USD
1.26
Trade+0.29% -
GBP/JPY
192.42
Trade-0.51%
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Shopify Inc.
112.12
Trade+2.03% -
Tesla, Inc.
338.54
Trade-0.23% -
NVIDIA Corporation
136.86
Trade-0.3% -
Amazon.com, Inc.
207.86
Trade+2.76% -
SolarEdge Technologies, Inc.
13.7
Trade+0.33%
-
Gold
2632.88
Trade+0.82% -
Crude Oil WTI
68.85
Trade+0.49% -
Crude Oil Brent
72.48
Trade+0.12% -
Silver
30.44
Trade+1.05% -
Natural Gas
3.45
Trade+2.22%
-
US 100
20921.15
Trade+0.85% -
US 30
44899.5
Trade+0.57% -
US 500
6029.17
Trade+0.83% -
GER 30
19315.25
Trade+0.33% -
US 2000
2432.59
Trade+0.59%
-
S&P 500 ETF
600.75
Trade+0.29% -
20+ Year Treasury Bond ETF
92.4
Trade+0.23% -
Valkyrie Bitcoin Fund (BRRR)
25.73
Trade-1.09% -
UltraPro Short QQQ
32.62
Trade-0.46% -
Bitwise Bitcoin ETF (BITB)
49.51
Trade-1.08%
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