Bitcoin Is A “Social Movement,” Says Nobel Prize Winner Robert Shiller

News | June 27, 2018 By:

Robert Shiller, an American Nobel Laureate and Sterling Professor of Economics at Yale University, said bitcoin is a social movement whose popularity splits along geographic lines in the United States.

In an interview with Bloomberg TV, Shiller said that bitcoin’s popularity varies based on geography and is not reducible to “a rational response to new information.”

“It’s generational and geographic also,


Cryptocurrencies Will Never Replace Money, Says Bank Of International Settlements

News | June 18, 2018 By:

The Bank for International Settlements (BIS) claims that cryptocurrencies are afflicted with inherent contradictions that make their widespread use as money impossible.

The BIS is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks.” It carries out its work through its meetings,