Nobel Winner, "Robert Schiller" is somewhat confident that the Bitcoin will crumble, but he is not quite sure about the date of this breakdown. Schiller, a professor at the University of "Yale", winner of the Nobel Prize for Economics in 2013, told the "CNBC" network that the bigenesis is likely to "completely crumble and to forget," on Although they may last for 100 years.
Schiller added:
"It reminds me of what is happening at the time of the current" Tulip mania "in the Netherlands in the 1940s, so the question is: will we continue to pay the exorbitant price of that collapse that occurred in that period? The Bitcoin may completely crumble and forget, I think this is probably a good result though it may last for a long time, up to 100 years. "
Schiller referred to the outdated comparison with the so-called "Tulip Bubble", saying that the Bitcoin has no value outside of a common consensus that has real value making it different from gold and other commodities.
He also added: There is absolutely no value for Bitcoin unless there is some common unanimity as valuable. Other things like gold are at least valuable if people don't see it as an investment, he said, adding that he doesn't know what it's like to end up as a benefit.
It is noteworthy that this is not the first time that Schiller has given a downward projection of composition. In 2014, the building was dubbed a "stunning bubble example", adding that it was back to the dark ages. Last month, Schiller saw that the "legends" of the piano would be "a fascinating story if they really were real and predicted that although they might not immediately crash to zero, they would definitely go down pretty much."
Schiller was not the first Nobel Prize winner. Hamas has extinguished the lunar annual aspirations of the biformative investors. Joseph Stiglitz, who won the prize in 2001, argued that the digital coins "must be banned" because in his opinion they do not serve any socially useful job.
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