Welcome to the Dash Forum!

Please sign up to discuss the most innovative cryptocurrency!

Professor Aswath Damodaran talk about bitcoin

Discussion in 'Off Topic' started by sinbad10, Oct 26, 2017.

  1. sinbad10

    sinbad10 New Member

    Joined:
    Oct 12, 2017
    Messages:
    5
    Likes Received:
    0
    Trophy Points:
    1
    Aswath Damodaran, a finance professor at the Stern School of Business of the University NYU, expressed his belief that Bitcoin is a currency rather than an asset in a new blog post.

    Damodaran confirmed in the post: "I do not believe cryptokurrencies now or will be an asset class", or that they would change "the fundamental truth about the risks, investment and management."

    He continued:

    "Bitcoin is not an asset, but a currency, and as such, you can not price it or invest in it. You can only price it and trade it."

    Grouping investments into four categories - assets, commodities, currencies and commodities - financial experts have proven his statement by saying that bitcoin is not "generating cash flow" It is classified as an asset, nor is it a "raw material" that can be classified as a commodity.

    "The choice will be whether it is a currency or a revocation," he said.

    Remarkably, Damodaran continues to disagree with recent comments by JPMorgan Chase CEO Jamie Dimon that bitcoin is a "fraud."

    Back in July, Damodaran also argued that the password wer
     
    #1 sinbad10, Oct 26, 2017
    Last edited: Nov 3, 2017