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2 economists just eviscerated bitcoin, saying it should be trading at $20
Bitcoin reached its lowest point in more than two months Thursday, but two economists still think the cryptocurrency is trading at a massive premium. The now-famous digital currency, which captured the attention of the public when it soared beyond $19,000 in mid-December, fell below $8,700 a coin during Thursday's trading session — a more than 50% decline. Richard Jackman, an economist at the London School of Economics, and Savvas Savouri, an economist at Toscafund Asset Management, however, estimate the coin is still trading far higher than it should. "We often read in your pages the view that bitcoin has no value ... (full story)
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- Feb 1, 2018 7:12pm Feb 1, 2018 7:12pm
- xoc001
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- smikester
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Gone to a better place
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- nimtrader
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I will get my head around this, but always can be wrong
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- steve10%
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The greatest enemy of a good plan is the dream of a perfect plan.
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.