# Professor Aswath Damodaran shares his views on bitcoin's status as a currency

1 Faculty News September 24, 2017 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.cnbc.com/2017/09/22/why-digital-currencies-are-a-dicey-bet-for-your-retirement-savings.html) -- "'It's not acting as a currency,' [Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran) said. 'The plumber has to say: "I accept dollars or Bitcoin." Would you be willing to put Bitcoin in your pocket and leave for a one-year trip knowing you're going to survive? We're no where near that comfort.'"

[Read more](https://www.cnbc.com/2017/09/22/why-digital-currencies-are-a-dicey-bet-for-your-retirement-savings.html)