# Prof. David Yermack's op-ed on Bitcoin is cited

1 Faculty News February 19, 2014 ![AFP logo](/sites/default/files/styles/246w/public/assets/images/con_033413.jpg?itok=zZaeBEKo)>

Excerpt from [AFP](http://www.globalpost.com/dispatch/news/afp/140219/bitcoin-value-plunges-japanese-exchange) -- "[David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), a professor at the New York University Stern School of Business, listed Bitcoin's flaws in a recent commentary in the MIT Technology Review as MtGox's woe continued. Among the problems was its 'digital wallets' that are 'vulnerable to thieves and hackers', he wrote in the commentary dated Tuesday."

[Read more](http://www.globalpost.com/dispatch/news/afp/140219/bitcoin-value-plunges-japanese-exchange)