Bitcoin is ‘Massively Overhyped Noise’: Gartner

Bitcoin’s true value today can be found in what it says about the state of money and payment in the modern connected world, said David Furlonger, vice president and Fellow at research firm Gartner.

“Bitcoin is a massively overhyped piece of noise in the marketplace in and of itself,” Furlonger told eWEEK. “That said, it evidences something more fundamental, which is a shift in the notion of how value is calculated and how value is transferred between entities.”

What Bitcoin represents to the future of money is somewhat different from the shift that Paypal helped pioneer at the beginning of the e-commerce era, Furlonger said.

Read the full story at eWEEK:
XBitcoin’s Value Lies in What It Says About New Payment Forms

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.