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Bitcoin, along with other cryptocurrencies, has been described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences laureates at various times, including Robert Shiller on 1 March 2014, Joseph Stiglitz on 29 November 2017, and Richard Thaler on 21 December 2017. On 29 January 2018, a noted Keynesian economist Paul Krugman has described bitcoin as 'a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology', on 2 February 2018, professor Nouriel Roubini of New York University has called bitcoin the 'mother of all bubbles', and on 27 April 2018, a University of Chicago economist James Heckman has compared it to the 17th-century tulip mania.

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