# Professor David Yermack shares his views on bitcoin

1 Faculty News October 31, 2017 ![Christian Science Monitor logo ](/sites/default/files/styles/246w/public/assets/images/Christian-Science-Monitor-Logo.jpg?itok=qQwkpRVx)>

Excerpt from [Christian Science Monitor](https://www.csmonitor.com/Business/2017/1031/Bitcoin-stokes-fear-and-greed-but-it-s-just-tip-of-a-finance-revolution) -- "'I think bitcoin is more of an investment security than a currency,' [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), a finance professor at New York University’s Stern School of Business, writes in an e-mail. Some 90 percent of the transactions appear to be between investors rather than as payments for goods and services, he says."

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