Bitcoin: Speculative Bubble or Future Value?

Eric Pichet
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Eric Pichet: Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux

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Abstract: Created in 2009, bitcoin reaches record heights every week, having hit $17,000 on 11 December 2017 - the first day a bitcoin futures contract traded at the CBOE - versus $1,000 in early 2017 and $1 in 2001. Yet there is still no consensus among economists whether bitcoin comprises a new decentralised currency free of central bank influence, or is a purely speculative instrument.

Keywords: bitcoin; speculative bubble; future value; cryptocurrency; blockchain (search for similar items in EconPapers)
Date: 2017-11-01
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Published in The Conversation France, 2017, ⟨10.2139/ssrn.3103706⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03760864

DOI: 10.2139/ssrn.3103706

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