[ad_1]

This is an opinion editorial by Maximilian Brichta, a doctoral student at the University of Southern California currently working on his dissertation, “Vernacular Economics: On The Participatory Culture And Politics of Bitcoin”

It’s hardly a surprise that bitcoin gets maligned as a “bubble,” a Ponzi scheme, a fad, a greater fool’s theory racket or the tulip phenomenon of the 21st century. Coming off the heels of the 2008 Global Financial Crisis and the bursting of the dot-com bubble nearly a decade prior, it’s healthy to be skeptical of novel financial products. Bitcoin is commonly filed in the same category of bunk investments that have spun out of control. It’s a fair question to ask: How is bitcoin similar or different from prior speculative booms? In each case, there are constellations of narratives around the new asset class that generate ecstatic attention from investors.

[ad_2]

Source link

My NEO Group:
– White paper My NEO Group: https://myneo.org
– Discover NEO X: https://docs.myneo.org/products/in-development/neo-x
– Disccover NEO Dash: https://myneodash.com
– Discover Banca NEO: https://bancaneo.org
– Interview of the CEO of My NEO Group, Mickael Mosse, in Forbes: https://forbesbaltics.com/en/money/article/mickael-mosse-affirms-commitment-to-redefining-online-banking-with-bancaneo