Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Nobel Economist and Crypto Critic Robert Shiller Impressed by Bitcoin’s Ability to Bounce Back

by Daily Hodl Staff
June 26, 2018
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Speaking today on Bloomberg, Nobel economics prize winner Robert Shiller who has stated that the cryptocurrency “revolution is a sham” has now tempered his remarks about Bitcoin.

Responding to host Tom Keene, who characterized Bitcoin as “hugely generational” and referred to himself and his 72-year-old guest as “fossils,” Shiller explained that the response to Bitcoin is not a rational response to new information. “It’s a social movement. It’s an epidemic of enthusiasm – very much. It is a speculative bubble. That doesn’t mean that it will go to zero. Speculative bubbles recur. We had a bubble in Bitcoin in 2013. It looked like it was done. It fell from $1,000 to $200. But now, look, it comes back.”

Shiller has had a front-row seat to the exuberance of Millennials for Bitcoin. A professor of economics at Yale, he has seen on-campus enthusiasm for cryptocurrencies first-hand. “The kids at Yale say Bitcoin rocks,” said Keene.

“It’s generational and geographic also. The East Coast is less into it than the West Coast,” said Shiller.

East Coast interest in Bitcoin and crypto has been booming.

Philadephia-based Susquehanna, one of the world’s biggest investment firms, recently announced that it is building up its cryptocurrency services for high-end clientele, while Goldman Sachs-backed exchange Circle reports a massive surge in crypto interest from institutional investors.

Meanwhile, the New York State Department of Financial Services just issued its sixth and seventh BitLicenses to Xapo and Square, respectively, to accommodate New York residents who want to buy Bitcoin and cryptocurrencies.

Bitcoin and the growing legion of blockchain projects and crytocurrencies, however, are a global movement.

According to research from Morgan Stanley, the UK has the highest number of legally registered exchanges, although it only accounts for 1% of cryptocurrency trading volumes. According to research by Coinhill, the currency most traded for Bitcoin within the past 24 hours is the Japanese yen (73.17%) followed by the US dollar (18.81%) and the euro (3.31%).

Although Shiller characterized Bitcoin “as a remarkable social phenomenon” with “some impressive cryptographic theory that’s coming out of computer scientists,” he maintains that Bitcoin is a bubble and that a significant reason for all the attention and enthusiasm is the prospect of getting rich.



Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$49,160.00
$49,160.00
3.72%
Ethereum
$1,590.64
$1,590.64
7.81%
Binance Coin
$230.14
$230.14
2.48%
Polkadot
$34.05
$34.05
2.17%
Cardano
$1.15
$1.15
2.21%
XRP
$0.468800
$0.468800
2.58%
ADVERTISEMENT

Spotlight

  • Bitcoin Building on New Highs: From Hashrate to Miner Revenue
    February 26, 2021
  • 5 Altcoins Poised To Capitalize on Next Crypto Hype Cycle, According to Ivan on Tech
    March 3, 2021
  • Is Coinbase Preparing To Launch Its Own Crypto Asset? New Document Hints at New Token
    February 28, 2021
  • Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies
    March 4, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.