Bitcoin has failed miserably as currency, says NYU's 'dean of valuation'
The serial Bitcoin critic has once again dismissed BTC’s value proposition as a form of currency. Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC).Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency.According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of claims that BTC is viable as a form of money, stating:“A good currency, in my view, is one that's used to buy coffee, buy....
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