“Nobel-winning economist Shiller calls bitcoin a fad” – CNBC | $5,640.15

Last updated on October 19th, 2017 at 12:38 pm

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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