# Prof. David Yermack's research on Bitcoin is mentioned

1 Faculty News February 22, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-02-24/bitcoin-seen-by-payment-networks-as-little-threat-to-dominance.html) -- "In a paper for the National Bureau of Economic Research, economist [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) said that Bitcoin shifts too much to be a unit of account or a store of value."

[Read more](http://www.bloomberg.com/news/2014-02-24/bitcoin-seen-by-payment-networks-as-little-threat-to-dominance.html)