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At a UBS panel this week, Nobel prize laureates in economics spoke out about bitcoin, adding to the list of winners of the prestigious prize who have taken a negative view of the controversial cryptocurrency.” data-reactid=”22″>At a UBS panel this week, Nobel prize laureates in economics spoke out about bitcoin, adding to the list of winners of the prestigious prize who have taken a negative view of the controversial cryptocurrency.

When asked about their views on bitcoin, laureates James Heckman (2000), Thomas Sargent (2011), Angus Deaton (2015), and Oliver Hart (2016) laughed nervously and looked at each other as if the question was unappetizing, before Hart stepped up, musing “I’ll make it very easy for the others.”” data-reactid=”23″>When asked about their views on bitcoin, laureates James Heckman (2000), Thomas Sargent (2011), Angus Deaton (2015), and Oliver Hart (2016) laughed nervously and looked at each other as if the question was unappetizing, before Hart stepped up, musing “I’ll make it very easy for the others.” The British-American, who won for his contributions to contract theory, said he was “trying to understand it,” but that “it’s a struggle.”” data-reactid=”24″>The British-American, who won for his contributions to contract theory, said he was “trying to understand it,” but that “it’s a struggle.” “I’m skeptical about bitcoin, probably like the others,” he said. “I think [2011 Nobel laureate for economics] Chris[topher] Sims gave a talk and I think he said it should have a zero price, which is basically what I think.”” data-reactid=”25″>“I’m skeptical about bitcoin, probably like the others,” he said.

“I think [2011 Nobel laureate for economics] Chris[topher] Sims gave a talk and I think he said it should have a zero price, which is basically what I think.” “Tulips,” interjected Heckman, referring to the speculation that drove tulip mania in 17th century Netherlands.” data-reactid=”26″>“Tulips,” interjected Heckman, referring to the speculation that drove tulip mania in 17th century Netherlands.

Other Nobel laureates have taken a similarly dim view of bitcoin and cryptocurrency. Last year Joseph Stiglitz (2001) said it should be outlawed and Robert Shiller (2013) said “it’s such a wonderful story. Read more from finance.yahoo.com…

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