Nobel-winning economist Shiller calls Bitcoin a fad
cnbc.com
cnbc.com
> "I think gold is a bubble, but it's always been a bubble," hedged Shiller. "It has some industrial uses, but it basically it's like a fad that's lasted thousands of years."
In other words, he's changed the definition of the word "fad".
If nothing else, Bitcoin is a media war. All the hype/nay-saying is revolving around non-stories and buzzwords.
Just because Bitcoin/cryptocurrencies are a fad doesn't make them automatic failures. They are most certainly a fad, the question is if this fad will remain or wash away.