Bitcoin is a fad, just like bimetallism before it, according to one Nobel Prize-winning economist.
The observation came from American economist Robert Shiller, who compared the cryptocurrency to the bimetallism fad of the late 19th century when both gold and silver were accepted as legal tender.
Eulogy made by Robert Schiller
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Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
