Bitcoin: Investment or Illusion?
In 2008 a person or a group of persons, using the name Satoshi Nakamoto released a paper title “Bitcoin: A Peer-to-Peer Electronic Cash System”. This paper proposed the creation of a cryptocurrency called Bitcoin, designed to work as a medium of exchange. Today, almost 10 year later, the future of Bitcoin and its role is not clear at all. In this session we will review the price and other financial information on bitcoin, as well as information on bitcoin’s history and purpose. By presenting bitcoin as an investment dilemma, we will take a deeper dive into the genesis and evolution of bitcoin and examines its recent performance, the ways it is created and used, as well as the potential risks and rewards. Also, we will discuss the underlying technology behind bitcoin: the blockchain.
Holder, Fuel Freedom Chair of Energy and Social Development / Co-Associate Director, Faculty (Faculty Planning and Executive Education) / Head of Department, Financial Management / Academic Director AMP ProgramAhmad Rahnema is Professor, Deputy Associated Dean for Faculty, Director of Financial Management Department and holder of the Fuel Freedom Chair for Energy and Social Development at IESE.<BR> <BR>Prof. Rahnema has previously lectured at AB Freeman School of Business, Tulane (New Orleans, USA), Istituto di Studi per la Direzione e Gestione di Impresa (Naples, Italy), Universitätsseminar der Wirtschaft, Schloss Gracht (Erftstadt, Germany), CEDEP (Fontainebleau, France), IPADE (Universidad Panamericano, México), IAE (Universidad Austral, Argentina), AESE (Lisbon, Portugal), Universidade Nova de Lisboa (Portugal), IEEM (Universidad de Montevideo, Uruguay), IDE (Quito, Ecuador), Universidad Adolfo Ibañez (Viña del Mar, Chile) and Instituto Internacional San Telmo (Seville, Spain). <BR> <BR>He is co-editor of the <i>International Journal of Finance Education</i>, a member of the editorial board of the journal <i>Harvard Deusto: Business Review</i> and the president of The Spanish Financial Forum of London (UK). <BR> <BR>Ahmad Rahnema has authored and co-authored several books. Recent examples include<i> Finanzas Internacionales</i>, 2006, and <i>Basilea II, Una nueva forma de relación Banca-Empresa</i> (with IESE Professor Jordi Soley), 2004. <BR> <BR>His articles have been published in specialized journals as well as general and business publications. Among others, one can mention "Nokia´s Growing Cash Mountain," published in the <i>International Journal of Finance Education</i> in January 2005, and "Basilea II: Una nueva forma de relación banca-empresa" (Basel II: A New Bank-Company Relationship) which appeared in <i>Finanzas & Contabilidad</i> in April 2005. <BR> <BR>Prof. Rahnema has worked on a variety of consulting assignments for a number of leading Spanish and international companies. His research has mainly dealt with international finance, risk management and means of payment. <BR>