Bitcoin: something seems to be ‘fundamentally’ wrong
La serie Borradores de Economía es una publicación de la Subgerencia de Estudios Económicos del Banco de la República. Los trabajos son de carácter provisional, las opiniones y posibles errores son responsabilidad exclusiva del autor y sus contenidos no comprometen al Banco de la República ni a su Junta Directiva.
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
