What’s up with bitcoin?

Much ado about nothing

John Cochrane argues that the recent surge in the value of Bitcoin is a normal phenomenon: “Intersect a convenience yield and speculative demand with a temporarily limited supply, plus temporarily limited supply of substitutes, and limits on short-selling, and you get a price surge.”

Bitcoin and Bubbles
By: John Cochrane – Stanford University

Think about Bitcoin as an alternative to Gold.
Is Bitcoin just a bubble?
By: Tyler Cowen – George Mason University

…but what is Bitcoin?

A currency? A speculative asset? A commodity? Aswath Damodaran is trying to answer this question.
Bitcoin Backlash: Back to the Drawing Board?
By: Aswath Damodaran – New York University

A more tempered view

Tony Yates addresses two main concerns about Bitcoin: a) would Central Banks lose control of monetary policy if Bitcoin took over; b) does Bitcoin displace seigniorage?
More bits on Bitcoin
By: Tony Yates – University of Birmingham