# Prof. David Yermack discusses investor interest in Bitcoin

1 Faculty News December 9, 2014 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/con_046920.jpg?itok=HUe5o4w-)>

Excerpt from [The New York Times](http://dealbook.nytimes.com/2014/12/09/secondmarket-nearly-sweeps-latest-bitcoin-auction/?_r=0) -- "'The demand is starting to dry up,' said [David L. Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), a professor of finance at New York University’s Stern School of Business. 'I think a lot of the excitement may have bled out of investors."

[Read more](http://dealbook.nytimes.com/2014/12/09/secondmarket-nearly-sweeps-latest-bitcoin-auction/?_r=0)