If the opinion of Robert Schiller is seriously taken into account by investors from around the world, it is simply because he was the Nobel Prize in Economics in 2013. But when it comes to talking about Bitcoin, man does not chew his words. He is not seized by the craze that surrounds crypto-currencies for several months now.
Mr Schiller believes that Bitcoin is a speculative bubble that will end up exploding, even if in itself this virtual currency should not disappear.
One has always to contextualize situations, if you want to understand reality. In a way it is true that Bitcoin and cryptocurrencies are entering a bubble state. But it is even more true that mainstream finance is now in the state of a MUCH DEEPER BUBBLE, so Bitcoin & C. is still a safer haven compared with FIAT money these days.