Bitcoin Craze More Psychological Than Economical Claims Economist

Submitted by Guest on

Written by :

Guest

Published on :

The latest expert to call Bitcoin a "bubble" is none other than Nobel Prize-winning economist Robert Shiller.

Bitcoin buying behavior is best explained by psychology than economics, he told CNBC.

"I'm interested in bitcoin as a 'sort of bubble'," he said. "That doesn't mean that it would disappear."

In fact, Shiller surmises "it may be with us for a while".

"But to me its interesting as another example of fadish behavior."

Watch Below for More

Related Content

FairGambling Launches Crypto Casino Review and Analytics Platform With Provably Fair Tools and Extra Rewards

FairGambling Launches Crypto Casino Review and Analytics Platform With Provably Fair Tools and Extra Rewards

FairGambling, a new transparency and rewards platform for crypto casino players and Bitcoin gamblers, today announced its public launch.
SpaceX IPO Betting Market: Traders Split on the Over, Under$2,000,000,000,000.00

SpaceX IPO Betting Market: Traders Split on the Over, Under $2,000,000,000,000.00

SpaceX says it plans to raise up to $75 billion when it goes public this month, and this would put Elon Musk on course to becoming the world’s first trillionaire with traders giving that a 93% chance of happening by year's end.
New Mexico Becomes the Latest State to Sue Kalshi

New Mexico Becomes the Latest State to Sue Kalshi

The suit claims that Kalshi is taking sports bets while evading state laws regulating online gambling.
Sorry We're Closed Sign

Seattle Washington Area Casinos Silver Dollar Mill Creek and Crazy Moose Mountlake Closing

Maverick Gaming is shutting down two of its Seattle, Washington-area casinos as part of its ongoing bankruptcy restructuring.