From Investopedia
When it comes to the future of cryptocurrencies, even Nobel Laureate, Ivy League professors aren't quite sure what to say. (See also: Bitcoin Price Falls Into Correction Territory.)Read more: https://www.investopedia.com/news/yale-economist-believes-bitcoin-bubble-could-last-100-years/According to a report by Coin Telegraph, Yale University economics professor and Nobel Prize recipient Robert Shiller admitted that he "doesn't know what to make of bitcoin, ultimately." Previously, Shiller had pointed to the top digital currency by market capitalization as "the best example of a bubble."
Bitcoin May Be a Long Bubble
Shiller spoke about his uncertainty in a recent interview, suggesting that "[bitcoin] might totally collapse and be forgotten, and I think that's a good likely outcome, but it could linger on for a good long time, it could be here in 100 years."
If it lasts 100 years was it ever a bubble? It seems like the analogy breaks down at that point and also if it were to last over 100 years who's to say it would ever pop or collapse after that?
Leave your thoughts in the comments below.
Follow