Bitcoin: Investment or Illusion? (Russian)

20 Pages Posted: 17 Sep 2018 Last revised: 22 Sep 2018

See all articles by George (Yiorgos) Allayannis

George (Yiorgos) Allayannis

University of Virginia - Darden School of Business

Aaron Fernstrom

University of Virginia - Darden School of Business

Anastasiya Nikolaevna Luzgina

Tilburg University - Center for Economic Research (CentER)

Abstract

This is a Russian translation of the January 29, 2018 version of UVA-F-1819. The case describes a hypothetical hedge fund manager who is examining whether to invest in bitcoin. The case discusses potential risks and rewards of investing in bitcoin, the role of bitcoin and digital currencies more broadly, and financial innovation in the space, such as ICOs. It can be taught as part of a second-year MBA elective course in investments, financial institutions/capital markets, or fintech.

Excerpt

UVA-F-1851

Rev. Jan. 29, 2018

Биткоин: инвестиции или иллюзии

Если вы покупаете биткоин или любую другую криптовалюту, вы не владеете ничем, что производит хоть что-то…. Вы не инвестируете, когда делаете это, вы просто спекулируете. – Уоррен Эдвард Баффетт (известный инвестор и миллиардер).

Это мошенничество. Это хуже, чем луковицы тюльпанов. - Джеймс Даймон (главный директор JP Morgan Chase).

Биткойн предлагает широкую перспективу возможностей. - Марк Андреессен (американский инвестор и программист, совладелец Andreessen Horowitz).

. . .

Keywords: Russian, Bitcoin, Blockchain, digital currencies, Initial Coin Offering (ICO)

Suggested Citation

Allayannis, George (Yiorgos) and Fernstrom, Aaron and Luzgina, Anastasiya Nikolaevna, Bitcoin: Investment or Illusion? (Russian). Darden Case No. UVA-F-1851. Available at SSRN: https://ssrn.com/abstract=3246241

George (Yiorgos) Allayannis (Contact Author)

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Aaron Fernstrom

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Anastasiya Nikolaevna Luzgina

Tilburg University - Center for Economic Research (CentER) ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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