Bitcoin won't last in world of finance, warns Nobel-winning economist
by Graeme Wearden in Davos from Economics | The Guardian on (#3E9A4)
Davos speakers round on cryptocurrency as Robert Shiller calls it a clever idea with an impermanent future
The Nobel prize-winning economist Robert Shiller has said bitcoin will not be a "permanent feature" of the financial world, as politicians indicated that a clampdown on cryptocurrencies was coming.
Speaking at the World Economic Forum in Davos on Thursday, Shiller hailed bitcoin as a "really clever idea". But although he was impressed with the technology behind it, he was concerned that it had "gone viral as a currency".
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