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A Yale professor and financial expert recently shared his thoughts on Bitcoin and crypto space. In an interview given to the Yale's School of Management website, William Goetzmann claimed that the BTC would not be a good currency until its price would have become more stable.
Goetzmann is Professor Edwin J. Beinecke in Finance and Management Studies at Yale and Director of the International Center for Finance at the Yale School of Management.
According to Goetzmann, the instability of BTC is its weakness: "Because it fluctuates enormously, it is not a particularly good store of value.You can put $ 100 today and $ 25 in two weeks. it's not a good money. "
Despite these doubts, the professor described the innovations of cryptography as "exciting, because each method of storage and transfer of value solves different types of problems." He compared his general ledger technology to the exchange methods used in ancient times.
Goetzmann teaches a course on cryptocurrency at Yale, which is a cross-checklist between management schools and art schools. He commented on the links between crypto and the world of art, describing the "long history of artists who engage with money: trying to understand what it is, using it as a symbol, and even helping to create money at the US Mint whose careers are entirely based on the design of money. "
Read more: Yale economists say they have discovered the two best predictors of the Bitcoin price; Why is SEC Commissioner Hester Peirce fighting for a Bitcoin ETF?
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