Bitcoin is coming off one of its best one-day performances of the year, but one Nobel Prize-winning economist sees the cryptocurrency as more of a psychological experiment than a serious investment.
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“I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while,” Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, told CNBC’s “Trading Nation” on Thursday.
“To me, it’s interesting as another example of faddish human behavior. It’s glamorous,” he added.
Robert Shiller: Bitcoin Craze Is More Psychological Than Economic
Bitcoin craze is more psychological than economic: Nobel laureate from CNBC.
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Boy it has to suck to not see the blockchain as the future of every digital network. But at least he will forever be remembered with the rest of the bitcoin doomsdayers on 99bitcoins .com
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