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,