Bitcoin : something seems to be "fundamentally" wrong

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Borradores de Economía; No. 819

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2014-05-12

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2014-05-12

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spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

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Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial 4.0.

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