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

“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