Bitcoin: something seems to be ‘fundamentally’ wrong

Jose Gomez-Gonzalez and Julián Parra-Polanía

Borradores de Economia from Banco de la Republica de Colombia

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.

JEL-codes: E42 G12 G23 (search for similar items in EconPapers)
Pages: 7
Date: 2014-05
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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https://doi.org/10.32468/be.819 (application/pdf)

Related works:
Working Paper: Bitcoin: something seems to be ‘fundamentally’ wrong (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:819

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