24 Jan '14, 10am

Bitcoin is a bubble - Nobel Laureate in Economics

Bitcoin is a bubble - Nobel Laureate in Economics

The jump, though, is logical, as it simply follows human nature which is always interested in high-volatile markets, Shiller said. He agreed the online currency was an “inspiration” because of fast-developing computer science, adding the caveat that he didn’t quite see it that way. The Nobel Laureate pronounced that bitcoin was a return to the dark ages because at present there is very little clarity surrounding the crypto currency.

Full article: http://rt.com/business/bitcoin-shiller-bubble-davos-127/

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