Nobel laureate & professor at Yale University, Robert Shiller, is desirous by the crypto market. He is considering over-investing in cryptocurrency to experience the market. “I not ever accepted BTC. Maybe I should be lively in that market,” he said.
Yale Professor & Nobel Prize Winner Mulls over Receiving into Crypto
Nobel laureate Robert Shiller communicated about cryptocurrency in an interview with CNBC, available Sunday. Shiller won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2013 together with Eugene Fama, Lars Peter Hansen “for their experiential examination of asset prices,” The Nobel Prize’s website particulars. He is presently a Sterling Professor of Economics at Yale University.
Shiller is worried about the current housing market, cryptocurrencies & stocks, declaring that he sees a “wild west” attitude among investors in these markets.
Deliberating the crypto market in specific, Shiller said “That’s a very psychological market. It’s imposing technology.” However, he contended that “the final source of value is so vague that it has a lot to do with our stories rather than reality.”
However, he said he has been tempted to get into crypto. The Nobel Prize-winning economist communal:
I was thinking of buying them to experience the result. A lot of people do that. I never accepted BTC. Perhaps I should be active in that market.
Shiller has continuously been a BTC skeptic. In 2017, he said that the best instance of “irrational exuberance or hypothetical bubbles” was BTC. In 2018, he said that it appearances like a bubble & questioned whether the cryptocurrency will be around in 100 years. However, he noted, “I don’t mean to be flippant of bitcoin,” adding that something good might come out of cryptocurrency.
Temporarily, another Nobel laureate Paul Krugman supposed the previous week that he has given up forecasting the looming demise of bitcoin, uttering that “There always appear to be a new crop of supporters. Perhaps just think of it as a cult that can survive forever.”