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Foundation for Economic Education (FEE): Understanding Bitcoin’s Real Value | Diego Zuluaga

Understanding Bitcoin’s Real Value | Diego Zuluaga
Foundation for Economic Education (FEE)

Some time ago, I confessed to CapX readers my unease about pricing cryptocurrencies such as bitcoin. I wasn’t alone in my hesitation: New York University finance professor Aswath Damodaran has voiced skepticism that assets with no cash flows can be valued, in the financial sense of estimating what the future payoffs from holding the asset are worth. Not to mention the ranks of academic luminaries, from Yale bubble-spotter Robert Shiller to central banking maestro Alan Greenspan, who have Read the full story

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