Davos panelists don't believe the bitcoin hype

Robert Shiller says the 'interesting experiment' gets too much emphasis

0127N Bitcoin
KAZUHIRO KIDA, Nikkei staff writer

Bitcoin's dramatic rise made it a hot topic in Davos this year, with a prominent market bubble researcher and a Swedish central banker expressing doubts about the cryptocurrency's prospects.

"I tend to think of bitcoin as an experiment," said Yale University professor Robert Shiller, a winner of the Nobel Memorial Prize in Economic Sciences, in a panel discussion Thursday at the World Economic Forum's annual meeting. "It's an interesting experiment -- it's not a permanent feature of our lives. We're overemphasizing bitcoin."

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.