24 lines
699 B
Markdown
24 lines
699 B
Markdown
# Crypto assets are a bubble
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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.
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* Paul Krugman
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* Robert J. Shiller
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* Joseph Stiglitz
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* Richard Thaler
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* James Heckman
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* Thomas Sargent
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* Angus Deaton
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* Oliver Hart
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And by central bank officials:
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* Alan Greenspan
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* Agustín Carstens
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* Vítor Constâncio
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* Nout Wellink
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* Mark Carney
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And several notable investors have also described it as a bubble:
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* Warren Buffet
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* George Soros |