Nobel Laureate Eugene Fama Predicts Bitcoin Could Become Worthless in 10 Years, Calls for New Monetary Theory

Nobel Prize-winning economist Eugene Fama has expressed a bleak outlook for Bitcoin, suggesting that it could become worthless within the next decade. Fama argues that Bitcoin's instability as a medium of exchange undermines its viability, stating, "if it doesn't, we have to start all over with monetary theory."

His comments reflect a classic critique of cryptocurrencies, emphasizing that Bitcoin was never intended to function as a traditional payment system but rather as a form of digital gold. Fama's warning has sparked discussions within the financial community regarding the future of cryptocurrencies and their role in the economy.

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