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

Abstract

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

Suggested Citation

Pichet, Eric, Bitcoin: Speculative Bubble or Future Value? (November 28, 2017). Published in The Conversation (French edition) 28 November 2017. Available at SSRN: https://ssrn.com/abstract=3103706 or http://dx.doi.org/10.2139/ssrn.3103706

Eric Pichet (Contact Author)

KEDGE Business School ( email )

Domaine de Luminy - BP 921
BP 921
Marseille, PACA 13288
France

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