Renowned economist Eugene Fama predicts Bitcoin's value will plummet to zero in the next decade. Learn more about his views and the community's reactions.
Eugene Fama, a prominent economist known as the father of modern finance, predicted on the Capitalisn’t podcast that the value of Bitcoin (BTC) will drop to zero in the next decade. Fama, who introduced the efficient market hypothesis in the 1960s, believes that digital currencies violate all the rules of an exchange medium as they have no intrinsic value. In response to the possibility of Bitcoin’s value going to zero in the next 10 years, he said that this possibility is close to being a certainty. Fama also expressed hope that the Bitcoin bubble bursts, as otherwise, all monetary theories would have to be rewritten. These statements have faced negative reactions from the digital currency community.
