James Angel, professor of finance at Georgetown McDonough, is quoted in a CBS Moneywatch article about bitcoin:
James Angel, a professor of finance at Georgetown University, is skeptical about Bitcoin. He noted the difficulty in determining its value, which makes its future uncertain, though the underlying technology and rival cryptocurrencies like ethereum may prove to be useful over the long run.
“Markets have a habit of going crazy from time to time,” Angel said. “When it’s a bubble, it can get a lot worse before it pops.”
To read the full article, visit http://www.cbsnews.com/news/the-higher-bitcoin-rises-the-harder-it-falls/.