Bob Shiller from Yale writes:

"Dabbling in Bitcoin lies somewhere between gambling and investing.

After all, true investing requires a rational appraisal of an asset's value. Real understanding of the economicissues underlying the cryptocurrency is almost nonexistent.

It is not just that very few people really comprehend the technology behind

Bitcoin. It is that no one can attach objective probabilities to the various possible

outcomes of the current Bitcoin enthusiasm."

Evaluate his opinions, i.e. what are the problems associated with Bitcoin valuation, concerning the methods invaluation of stocks?