2018-6-27 01:02 |
Beyond economics, Bitcoin (BTC) is a “social movement” that runs along “generational and geographic” lines, Nobel economics prize winner Robert Shiller told Bloomberg Tuesday, June 26.
Silicon Valley is really into it… It’s a social movement.
There are millions of interesting stories about brilliant engineering devices… but we don’t hear about them.
That’s because they’re not part of a bubble.” The “bubble” status of cryptocurrencies, according to Shiller, doesn’t compromise their ability to recover multiple times, even when the bubble temporarily bursts.
Bitcoin indeed continues to enjoy its “afterlife” in the wake of detractors repeatedly proclaiming the ‘death’ of Bitcoin and of cryptocurrencies in general.
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