Bitcoin: Speculative Bubble or Future Value?
Published in The Conversation (French edition) 28 November 2017
6 Pages Posted: 24 Jan 2018
Date Written: November 28, 2017
Created in 2009, bitcoin reaches record heights every week, having hit $17,000 on 11 December 2017 - the first day a bitcoin futures contract traded at the CBOE - versus $1,000 in early 2017 and $1 in 2001. Yet there is still no consensus among economists whether bitcoin comprises a new decentralised currency free of central bank influence, or is a purely speculative instrument.
Keywords: bitcoin, speculative bubble, future value, cryptocurrency, blockchain
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