Nobel Laureate, economist, best-selling author, and serving Sterling Professor of Economics at Yale University Robert J. Shiller analyzes how Bitcoin narratives influence any economic event in his recently published book, “Narrative Economics: How Stories Go Viral and Drive Major Economic Events.” Shiller recently discussed the significant role and influence of narratives and how they tend to change or shape economic events such as recession, boom, or even market behavior. He further explained this phenomenon with the story of the origin of the leading cryptocurrency Bitcoin, and how impactful was that origin story on its popularity. The American economist stated that
