A day after Nobel laureate Joseph Stiglitz said bitcoin should be outlawed, another winner of the economics prize said the digital currency will eventually repeat the US stockmarket crash that preceded the great depression. Robert J Shiller, the Yale economist whose work covers the prediction of asset prices — and the inefficiency of markets — said the attraction of the currency was a narrative akin to a "mystery movie" that draws in people who want to outsmart the system. "Bitcoin, it’s just absolutely exciting," Shiller said at a conference in Vilnius, Lithuania on Thursday. "You’re fast. You’re smart. You’ve figured out nobody else understands. You’re with it. And bitcoin has this anti-government, anti-regulation feel. It’s such a wonderful story. If it were only true." Price swings in the world’s most popular digital currency are increasing amid speculation that bitcoin’s almost 1,000% gain this year may not continue. Bitcoin surpassed $11,000 in a matter of hours after reaching...
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