Economist who won the Nobel Prize pleads for a ban on bitcoin.steemCreated with Sketch.

in money •  last year

The Nobel Prize winner Jospeh Stiglitz, the bitcoin in an interview, fictioned the bitcoin.

It's a bubble that will excite a lot of people as they go up and then descend ": Joseph Stiglitz, who received the Nobel Prize for Economics in 2001, is speaking. Stiglitz expressed himself yesterday as an opponent of the bitcoin during an interview with Bloomberg.

Stiglitz joins a growing group of financial experts who warn that bitcoin-hausse is a bubble that will burst sooner or later. At present, the digital currency is at an unprecedented high exchange rate and one bitcoin is worth USD 11,000. The value of the cryptomint increased in a matter of months. According to Stiglitz, bitcoin's success is mainly due to the fact that it can be used for money laundering purposes. So I think it would be best if it were simply banned,"says Stiglitz. It serves no social purpose whatsoever.

Last night it seemed as if the currency had started to crash - its value suddenly dropped by 2,000 dollars - but the currency recovered quite quickly. It seems that some of the buyers feared a decline and therefore abandoned their bitcoins. In addition to investors, the historically high bitcoin price also provokes a great deal of criticism, which seems to have had an effect.


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