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Bitcoin may "totally collapse" though it may linger for a century, Nobel Laureate Robert Shiller said, who equaled it to the Tulip mania.



"[Bitcoin] might totally collapse and be forgotten and I think that's a good likely outcome but it could linger on for a good long time, it could be here in 100 years," the Yale University professor told CNBC in an interview in Davos, Switzerland.

Shiller, who was the joint winner of the 2013 Nobel Prize for economics, pointed out that bitcoin has no value at all "unless there is some common consensus that it has value."

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