“We’d like the bubble to break. We still see a lot of hype in the market, valuations are high and unreasonable. We really think if the bubble bursts, it’s a good thing for the industry.”Additionally, Zhang said that she is helping Binance to deal with the scams that have emerged as a result of the hype, with so-called Cryptocurrency Governance Initiatives, or CGI. The purpose of the initiative is to “fight scams and sh*t coins, and to boost crypto and blockchain technology.”
“If we see founders contribute to both sides, we’ll hold both sides. Sometime it’s hard to see which one is more valuable, but our position is to support the founders and create value for the project as a whole.”Ella Zhang is not the first expert to predict a bubble burst. In April, Nobel Prize laureate for economics Robert Shiller pointed out that while Bitcoin might be a bubble, that doesn’t mean that it will burst and be gone forever. According to Shiller, there is a part of the cryptocurrency “bubble” that is political, as people who don’t trust their governments may be tempted to invest.
Winner Of The 2016 Nobel Prize In Economics Points Out Blockchain Smart Contract Weaknesses. by Daniel W. May 29, 2019 . Home Blockchain Announcements. Facebook. Twitter. Telegram. ReddIt. Linkedin. Email. 2016 Nobel Laurette Claims Smart Contracts Are Not The Solution for Everything. Global cryptocurrencies often differ in terms of their objectives as well as how they function. ETH or ... In a recent interview with CNBC, Yale professor of economics and Nobel prize-winner Robert Shiller advocated that Bitcoin will eventually die out. Following the advice of investing guru Philip Fisher Nobel laureate Robert Shiller is fairly confident bitcoin will collapse, but he’s not quite sure when that collapse will occur. Shiller, a Yale University professor who won the Nobel Prize for Economics in 2013, told CNBC that bitcoin will likely “totally collapse and be forgotten,” although it could linger for as long as 100 years. Nobel Prize-winning economist Robert Shiller says there’s no clear-cut way to peg a price on bitcoin. “I think the value of bitcoin is exceptionally ambiguous,” Shiller said in an interview. “There is the medium of exchange function that it’s offering, and there’s also a store of value function; that is, you can hide away your […] Robert Shiller, who won the Nobel Memorial Prize in Economics in 2013, holds that Bitcoin, amongst other cryptocurrencies, might be just another failed experiment. He touched on their complexity and the fact that they are connected with a yearning for social revolution. Nobel Prize-winning economist Robert Shiller believes there’s no clear way to put a price on bitcoin. “I think the value of bitcoin is exceptionally ambiguous,” he told CNBC today.. The comment is perhaps notable in that it comes from a legendary economist who gained long-term credibility following his work around the 1987 stock market crash and the housing bubble in 2008.
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