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Is Bitcoin Like the Art Market?

by Jessica Wilhelmy | May 27, 2021

Both cryptocurrencies and contemporary art rely on scarcity and hype because they have no other real value — though crypto has less price control.

Bloomberg’s Allison Schrager talks about the much anticipated Bitcoin stock plunge and how the crypto curious might find some guidance in another corner of the elite investment world: the contemporary art market.

Click here to see how cryptocurrencies and contemporary art are actually very similar commodities.

Disclaimer: The views, opinions or examples included in linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.