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The Bitcoin Market Isn’t Irrational | Chicago Booth Review

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This website uses cookies to ensure the best user experience. Privacy & Cookies Notice Accept Cookies Manage My Cookies Confirm My Selections Monetary Policy Inequality Health Care Climate Change Artificial Intelligence Motivation Jobs +All CBR Topics Bitcoin has been around 10 years, but it’s still making headlines. It has shot up in value in the last year—as I write in December 2017, around $15,000. But the price is volatile. Today, the day I’m writing this, it’s gone from a daily high of $16,269.69 to a daily low of $13,957.91, a 16 percent swing in a day. It’s up more than 650 percent since mid-July, but over

By February 07, 2018 CBR - Finance Bitcoin has been around 10 years, but it’s still making headlines. It has shot up in value in the last year—as I write in December 2017, around $15,000. But the price is volatile. Today, the day I’m writing this, it’s gone from a daily high of $16,269.69 to a daily low of $13,957.91, a 16 percent swing in a day. It’s up more than 650 percent since mid-July, but over two weeks in December, it lost more than a third of its value. [And since this was drafted, it's lost considerably more.—Ed.] What the heck is up with Bitcoin? Is it a bubble? A mania of…

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