What Is Bitcoin Really Worth? No wonder the market has been chaotic. Worth investing in bitcoin column that explores life through an economic lens with leading economists and writers. Internet Explorer 9 or earlier.

Go to the home page to see the latest top stories. Dabbling in Bitcoin lies somewhere between gambling and investing. Real understanding of the economic issues underlying the cryptocurrency is almost nonexistent. It is not just that very few people really comprehend the technology behind Bitcoin. It is that no one can attach objective probabilities to the various possible outcomes of the current Bitcoin enthusiasm.

Any attempt will soon sound silly. Let’s try for just a moment. It is possible to imagine a future in which Bitcoin eventually replaces some fraction of money as we know it today. But don’t get too excited. Will Bitcoin really replace a large fraction of conventional money? There are reasons to be skeptical.