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"JPMorgan Helps Clients Buy Bitcoin Despite CEO Calling Bitcoin 'a Fraud. Regulatory concerns that kept them out are gradually being addressed. "Ponzis: The Science and Mystique of a Class of Financial Frauds" (PDF). Citation needed Ideology Satoshi Nakamoto stated in his white paper that "The root problem with conventional currencies is all the trust thats required to make it work. BIS 2018 Annual Economic Report. Retrieved Lee, Tim (12 December 2017). "Is Bitcoin a Decentralized Currency?". At its core, overhype is often the manifestation of entrepreneurs competing for investors. 13 Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin. 8 Between, the average number of nonces miners had to try before creating a new block increased from.4 quintillion to 200.5 quintillion. 176 Identification as a speculative bubble Main article: Cryptocurrency bubble Bitcoin and other cryptocurrencies have been identified as economic bubbles by at least eight Nobel Memorial Prize in Economic Sciences laureates, including Robert Shiller, 177 Joseph Stiglitz 178 and Richard Thaler. Archived forex data feed ilmainen from the original on Retrieved "Informed Investor Advisory: Cryptocurrencies".