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.
The views expressed in the paper are those of the authors and do not represent those of the Banco de la Republica or its Board of Directors.
Updated: 10/06/2014 08:48
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