Bitcoin: something seems to be ‘fundamentally’ wrong

In the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that the bitcoin will survive as an asset subject to high speculation.

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Year of publication:	2014-05-12
Authors:	Gómez-González, José E. ; Parra-Polania, Julián A.
Institutions:	BANCO DE LA REPÚBLICA
Subject:	Bitcoin \| fundamental value \| financial stability

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Series:	BORRADORES DE ECONOMIA.
Type of publication:	Book / Working Paper
Notes:	7 pages long
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; G12 - Asset Pricing ; G23 - Pension Funds; Other Private Financial Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010770365