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2 economists just eviscerated bitcoin, saying it should be trading at $20

From businessinsider.com

Bitcoin reached its lowest point in more than two months Thursday, but two economists still think the cryptocurrency is trading at a massive premium. The now-famous digital currency, which captured the attention of the public when it soared beyond $19,000 in mid-December, fell below $8,700 a coin during Thursday's trading session — a more than 50% decline. Richard Jackman, an economist at the London School of Economics, and Savvas Savouri, an economist at Toscafund Asset Management, however, estimate the coin is still trading far higher than it should. "We often read in your pages the view that bitcoin has no value ... (full story)

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  • Category: Fundamental Analysis