Navigate the dynamic bitcoin landscape through the ever-shifting perspectives of finance experts, as its role transitions from overlooked currency.
Ottawa, Canada, 27th Aug 2023 – Aswath Damodaran, the distinguished finance professor at New York University’s prestigious Stern School of Business, has once again orchestrated a narrative shift around bitcoin, now encapsulating it as “the oft-overlooked currency.”
Shifting Stance Once More
Embarking on another intellectual voyage, Professor Damodaran, also bestowed with the moniker “Savant of Valuation,” has recently etched his skepticism onto the canvas of bitcoin’s prowess and potential. He crafts it as a currency whose utility lies dormant, a “curious collectible” that dances to its own atypical rhythm, defying established collectible norms.
In a cerebral joust against the prevailing notion that bitcoin could wield the mantle of an inflation hedge, he mounts a counterargument, contending that its fate is entwined with the undulating trajectory of equities:
“As the tides of stocks surge, so does it; as those tides recede, it follows suit. A stark departure from the canonical behavior anticipated of collectibles.”
More latest crypto news – http://bitsday.com
Cryptocurrency Analytics – https://bitsday.com/prices/all_coins
Organization: Bitsday
Contact Person: Evelar Snow
Website: https://bitsday.com
Email: support@bitsday.com
City: Ottawa
Country: Canada
Release Id: 2708235868
The post Bitcoin: The Evolving Valuation Saga appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
Information contained on this page is provided by an independent third-party content provider. eTrendystock make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@etrendystock.com
London, United Kingdom, 22nd January 2025, ZEX PR WIRE, NebuMine, a next-generation cloud mining platform,…
Circle Internet Group, the firm behind the second-largest stablecoin by market capitalization USDC, has announced…
Official Trump ($TRUMP), the new meme coin introduced by President Donald Trump on the Solana…
ALPINE, Arizona, USA, 21st January 2025, ZEX PR WIRE, PEPE From Squid World is thrilled…
The drug problem is causing serious social, economic, and health problems worldwide. US President Donald…
Natick, South Africa, 21st January 2025, ZEX PR WIRE, Greater Globe, a rising leader in…