Digital currency is now part of the classes’ discussions surrounding the definition of money, a core concept in courses that cover money, banking and capital markets. “My students are starting the class thinking about it now,” Black said.
Just as bitcoin has infiltrated conversations, headlines and financial exchanges, lessons on the digital currency and its underlying technology are springing up in university classrooms around Illinois. Some professors are altering lesson plans that before just grazed the subject, while some schools are adding entire bitcoin and blockchain classes to their course lists.
So? Academia is like everything else in America, heavily commercialised. In the competition for students a bit of crypto could be a big marketing gimmick, there are probably even those who think a course in crypto is a shortcut to vast riches. There are whole universities in America devoted to Astrology.Bitcoin and cryto classes now a fundamental part of Finance courses in some Chicago uni's.
More on the way.
"What is the right price to cash out at?" It is a really tricky problem of risk vs. reward - when you know something will go to zero, how do you profit by it without getting wiped out by a huge rise in the meantime?
? Academia is like everything else in America, heavily commercialised. In the competition for students a bit of crypto could be a big marketing gimmick, there are probably even those who think a course in crypto is a shortcut to vast riches. There are whole universities in America devoted to Astrology.
I contacted a few lecturers and told them that this was a once in a lifetime opportunity to study a clearly identifiable bubble during the bubble phase and totally irrational behaviour by otherwise clever people. But the reaction seemed to be "Well our course for the year is set".
Well reputed big, State Universities are not the same as tiny, private, niche ones.So? Academia is like everything else in America, heavily commercialised. In the competition for students a bit of crypto could be a big marketing gimmick, there are probably even those who think a course in crypto is a shortcut to vast riches. There are whole universities in America devoted to Astrology.
most people under 25 are listing crypto holdings among their assets.
Starkly contrasted with middle aged ones that don't own any
There is a generational paradigm shift occuring; try not to get left behind.
Well reputed big, State Universities are not the same as tiny, private, niche ones.
It means that the generation of people coming up through uni today are re-thinking Money, and are into crypto.
My other half processes financial declarations of investors and reports that most people under 25 are listing crypto holdings among their assets.
Starkly contrasted with middle aged ones that don't own any, or don't declare.
There is a generational paradigm shift occuring; try not to get left behind.
My other half processes financial declarations of investors and reports that most people under 25 are listing crypto holdings among their assets.
Would you not learn any lesson from that? People with years of experience investing, who have seen fads and bubbles are not buying into this nonsense, whereas people with very limited experience are buying it.
Ahh, so that explains why the Nobel Prize winners and all mainstream economic commentators have rubbished bitcoin.There is a generational paradigm shift occuring
Is that what drove the dot.com bubble? Inexperienced investors?
Buffett suffered a 49% loss from Jun 1998 to Mar 2000. At the same time, the NASDAQ rose 140% and SP500 rose 28%. Despite heavy losses and public ridicule, Buffett stuck to his guns and wouldn’t touch internet stocks. Buffett’s ability to stay disciplined might be more admirable than his analytical skill.
At the time, I’m sure people were wondering if Buffett had lost his golden touch or if he would ever outperform the market again. A near 50% loss for a stocks investor during the biggest bull market in history doesn’t inspire confidence. But he had the last laugh after the bubble burst, gaining 80% over the next two years while the NASDAQ lost 72% and SP500 lost 28%.
That's not my claim, stop attempting to put words in my mouth.Most people under 25 are holding crypto currencies??? Really standing by that claim??
I doubt there is much here for academics. Saying certain assets are in a 'bubble' is just an emotional statement, usually said after the fact. There is no standard model or framework, that I am aware of, that can be applied generally to asset prices to determine if the asset is or is not in a 'bubble'. There is no model you could have applied to Internet stocks in the dot.com bubble, i.e. from 1997 to 2001, to determine if they were in a bubble and then applied the same model to Irish property prices to 2006, and at that time determined whether or not a bubble existed. Similarly, when Irish property prices bottomed out in 2009 and 2010, and the Nasdaq in 2002 – 03, did a 'negative bubble' exist, or are bubbles a perceived 'high price' phenomena only? And if so why? Paul Samuelson said that bubbles occur when the efficient market hypothesis breaks down, but why should this occur? From this, if a definition of a 'bubble' doesn't take EMH into account it's lacking a theoretical foundation. So you can see why this is a path few lecturers would gladly go down.I contacted a few lecturers and told them that this was a once in a lifetime opportunity to study a clearly identifiable bubble during the bubble phase and totally irrational behaviour by otherwise clever people. But the reaction seemed to be "Well our course for the year is set". I am glad to see a few other academics recognise the opportunity.
That is pretty much true. As you will find, most (all?) bubbles are driven by inexperienced investors.
Well reputed big, State Universities are not the same as tiny, private, niche ones.
It means that the generation of people coming up through uni today are re-thinking Money, and are into crypto.
My other half processes financial declarations of investors and reports that most people under 25 are listing crypto holdings among their assets.
Starkly contrasted with middle aged ones that don't own any, or don't declare.
There is a generational paradigm shift occuring; try not to get left behind.
That's not my claim, stop attempting to put words in my mouth.
Your reading comprehension is poor.Where did I put words in your mouth?
Your reading comprehension is poor.
My other half processes financial declarations of investors, and reports that most people under 25 list crypto.
Do you believe that all 25 year olds are investors?
And of those investors, all of their financial declarations actually cross my wife's desk?
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