As the Bitcoin price boom continues, the big question has become whether it is over valued. In the session, I argue that the question is unanswerable, because Bitcoin is not an asset, but a currency, and currencies can only be priced, rather than valued. That said, Bitcoin’s long term sustenance depends on it becoming a better currency, one that is accepted in more transactions and one that is a more stable store of value.
Slides: http://www.stern.nyu.edu/~adamodar/pdfiles/blog/BitcoinAsset.pdf
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