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The Bitcoin challenge | VOX, CEPR Policy Portal

Bitcoin’s market capitalisation reached new peaks in November 2021. This column suggests it is hard to find arguments supporting the cryptocurrency’s current valuation. Even if the financial stability risks of a Bitcoin collapse could be contained, the burst of the bubble would imply painful losses for many retail investors and society at large. The authors conclude that
El Salvador Mirjam Plooij Bitcoin Etfs Fiona Van Echelpoel Pedro Miguel Bento Pereira Jean Francois Jamet
Source: voxeu.org

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