Bitcoin: something seems to be �fundamentally� wrong

Jos� E. G�mez-Gonz�lez and Julián Parra-Polanía
Authors registered in the RePEc Author Service: Jose Gomez-Gonzalez

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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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:011192

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