Yale Prof. Shiller Thinks Bitcoin’s ‘Bubble’ Could Actually ‘Linger 100 Years

[abdmuiz]

Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday,
Jan. 18., that he now“doesn’t know what to make of Bitcoin ultimately”after earlier calling it “the best example of a bubble

In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” not its value
that had sparked public interest in it, Shiller told reporters“it [Bitcoin] has no value at all unless there is some
common consensus that it has value. Other things like gold would at least have some value if people didn't see it
as an investment,repeating a common narrative that investment in Bitcoin is like the 17th-century Tulip Mania

Though he admitted his uncertainty as to what Bitcoin’s fate will be, Shiller Though he admitted his uncertainty as to what Bitcoin’s fate will be, Shiller overall remains sceptical, stating

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]could be here in 100 years

Bitcoin’s two-day slump this week has partially recovered to challenge $12,000]recovered to challenge $12,000, making it worth over
160 percent more than when Shiller made his previous bubble claims in early September, 2017