Robert Shiller, winner of the Nobel Prize, says that Bitcoin is a “bubble” that will be with us for a good …


Robert Shiller, a Nobel Prize-winning economist in 2013, said that while he sees the bitcoin As a “kind of bubble”, this does not mean that it will explode or disappear. The comments were made in an interview to CNBC .
The winner of the Nobel Prize in 2013 for his work “Trendspotting In Asset Markets” Shiller made his observation shortly after Bitcoin recorded an increase of 15.94 percent in value, from $ 6,900 to $ 8,000. The price went up $ 1,100 in less than an hour.
“I see Bitcoin as a kind of bubble. It does not mean that it will disappear, that it will explode forever. He may be with us for a while. ” Robert Shiller
He also stresses that he knows that “smart people” have invested in cryptocurrencies , including many of its students, but adds that the attraction for the crypto market is “a story that I think goes far beyond the merit of the idea”. It’s more psychological than something that could be explained by the IT department. ”
For Shiller, part of Bitcoin’s success is based on the political ideology of his community. According to his words, “economists tend to neglect the political side”, which he considers is a great element when it comes to cryptocurrencies. This, as there are many people who no longer trust governments, said:
“They like the idea that this did not come from the government. It comes from some really intelligent computer scientist. They like that. It’s a great story for today’s markets. ”
Recently, Bitcoin has already begun to recuperate of a bearish trend that has lasted throughout the first quarter of the year, seeing its value fall from more than $ 19,000 to a minimum of approximately $ 6,600. At the time of publication, the cryptocurrency is quoted at approximately $ 8,320, according to data from CoinMarketCap .


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