“This is an incredible show to watch. But it’s definitely not an investment. Bitcoin seems to be primarily a speculative game that has behaved like a very risky stock. It’s not an asset class. It’s a failed currency, at least into this moment. Let’s see whether they can fix it because … I don’t think that they have an incentive to do so.”
Aswath Damodaran – Professor at NYU Stern School of Business
He is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.