The Bitcoin virus has infected Robert Shiller.... The Nobel Prize Economics Laureate has soften his views on Bitcoin...

A number of Nobel Prize Economics Laureates has taken a tough stand against Bitcoin liken it to pending bubble that can burst anytime. Analyst, skeptics and enthusiast has all join the "table of debate" meriting both the advantages and disadvantage of the digital currency. Others have sought after the opinion of respected economist to get a feel of their views on the topic. Interestingly, some of Bitcoin harshest critics has been a number of Nobel Prize Economics Laureates including the likes of Joseph Stiglitz and Robert Shiller. Joseph Stiglitz has maintain his views that Bitcoin is a pending bubble, reminiscent of the US stock market crash that preceded the great depression.

Interestingly enough his colleague Robert Shiller has soften his tone and with every interview he seems to be leaning towards Bitcoin without endorsing the digital currency. Robert Shiller academic work falls squarely in the path of Bitcoin, an area of his life where he has spent a lot of his time studying. His work includes prediction of asset prices and the inefficiency of markets.

In his most recent interview with Michael Mckee of Bloomberg Surveillance, Robert Shiller articulated some note worthy points in particular how other cryptocurrency may benefit from Bitcoin rise. Here is the interview

Source: Bloomberg TV Markets and Finance

Probably we can now entertain our cryptocurrency portfolio of 2018 and beyond. What cryptocurrencies are likely to benefit from the Bitcoin rise and what underlying technology would shape or drive the markets in 2018 and beyond. The Nobel Prize economist alluded to an interesting point right at the end of clip "part of what drives financial market is the pleasure". While this may seem opaque I believe cryptocurrency offering that pleasure to investors of a "Bitcoin-like" bull run may be the biggest winners. Or probably the underlying technology and fundamentals may help win new customers and investors for others. One of the issues that continue to arise is the fact that we are entering into a space where few understand the underlying codes powering the blockchain and as ideas and innovation continue spring up we can see raw human emotion manifest in the markets. We can also see our "consensus-model" come into question as critics try to apply traditional market rules or 'interpretation' to a mathematical code of rules that continue to mystify finance and economics as we know it.