Why Economists Don’t Like Bitcoin

Do their reasons stack up?

Photo by Bermix Studio on Unsplash

The Evidence

https://www.igmchicago.org/surveys/cryptocurrencies/
https://www.igmchicago.org/surveys/bitcoins/
https://sloanreview.mit.edu/strategy-forum/is-blockchain-a-disruptive-or-a-sustaining-innovation-what-experts-say/
https://www.igmchicago.org/surveys/bitcoin-ii/

The Candidate Theories

It is for Illegal Activity

It is a Bubble/Ponzi scheme

It wastes resources

Summary

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Skoll Chair in Innovation & Entrepreneurship at the Rotman School of Management, University of Toronto and Chief Economist, Creative Destruction Lab.

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Joshua Gans

Skoll Chair in Innovation & Entrepreneurship at the Rotman School of Management, University of Toronto and Chief Economist, Creative Destruction Lab.