Bitcoin : something seems to be 'fundamentally' wrong

Borradores de Economia
Número: 
819
Publicado: 
Clasificación JEL: 
E42, G12, G23
Palabras clave: 
Bitcoin, fundamental value, Financial stability

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In the present paper we remark that the absence of an intrinsic or fundamental value represents a problem for the stability of the bitcoin’s price as an asset. In addition, we consider some financial stability concerns that derive from the hypothesis that