From c5100cd7290973ca90d8b479ece25a486839ae9a Mon Sep 17 00:00:00 2001 From: EilidhRoss1 <98904290+EilidhRoss1@users.noreply.github.com> Date: Tue, 19 Jul 2022 14:39:59 +0100 Subject: [PATCH] title edit --- claims/is-bubble.md | 6 ++++-- 1 file changed, 4 insertions(+), 2 deletions(-) diff --git a/claims/is-bubble.md b/claims/is-bubble.md index cac0e81..8b73aa3 100644 --- a/claims/is-bubble.md +++ b/claims/is-bubble.md @@ -1,4 +1,6 @@ -# Crypto assets are a bubble +# Are crypto assets a bubble? +**Crypto assets are a bubble.** + Crypto assets have the characterstic price behaviour that resembles many other [bubbles](../concepts/bubble.md) and [market manias](../concepts/madness-crowds.md) throughout history. Bitcoin has been characterised as a [speculative](../concepts/speculation.md) bubble by eight winners of the Nobel Prize in economics. * Paul Krugman @@ -34,4 +36,4 @@ And several notable investors have also described it as a bubble: 1. Nabilou, Hossein, and André Prüm. 2019. ‘Ignorance, Debt, and Cryptocurrencies: The Old and the New in the Law and Economics of Concurrent Currencies’. Journal of Financial Regulation 5 (1): 29–63. https://doi.org/10.1093/jfr/fjz002. 1. Smales, L. A. 2022. ‘Investor Attention in Cryptocurrency Markets’. International Review of Financial Analysis 79: 101972. https://doi.org/10.1016/j.irfa.2021.101972. 1. Kolchinski, Alex. 2022. ‘Crypto Is an Unproductive Bubble’. Alex Kolchinski (blog). 18 March 2022. https://alexkolchinski.com/2022/03/18/crypto-is-an-unproductive-bubble/. -1. Krugman, Paul. 2021. ‘The Brutal Truth About Bitcoin’. The New York Times 21. \ No newline at end of file +1. Krugman, Paul. 2021. ‘The Brutal Truth About Bitcoin’. The New York Times 21.