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Nobel laureate Eugene Fama predicts that Bitcoin will return to zero within 10 years

2025-02-06 16:23

Odaily Planet Daily News: Nobel laureate Eugene F. Fama, known as the "father of modern finance," predicted in the Capitalisn't podcast that Bitcoin will go to zero within 10 years. He believes that blockchain based financial systems require excessive computing power and are therefore unsustainable. He stated that cryptocurrency violates the basic rules of the medium of exchange and its value is highly unstable. He also questioned the positioning of Bitcoin as "digital gold", believing that without practical use, it would be worthless. (Decrypt)

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