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“This is an incredible show to watch. But it’s definitely not an investment…”

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“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

Source: CNBC

About Aswath Damodaran:

He is a Professor of Finance at the Stern School of Business at New York University, where he teaches corporate finance and equity valuation.

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