Bitcoin: something seems to be ‘fundamentally’ wrong

Jose Gomez-Gonzalez and Julián Parra-Polanía

No 11192, Borradores de Economia from Banco de la Republica

Abstract: 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.

Keywords: Bitcoin; fundamental value; financial stability. (search for similar items in EconPapers)
JEL-codes: E42 G12 G23 (search for similar items in EconPapers)
Pages: 7
Date: 2014-05-12
New Economics Papers: this item is included in nep-mac
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http://www.banrep.gov.co/sites/default/files/publicaciones/archivos/be_819.pdf

Related works:
Working Paper: Bitcoin: something seems to be ‘fundamentally’ wrong (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:011192

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