The Nobel Prize winner expects that the value of bitcoin will collapse to zero in the next ten years – “It does not exceed modern financing.”

Nobel Prize -winning economist Eugene Fama Expect a 100 % probability Bitcoin BTC/USDThe largest encrypted currency in the world, which will lose all its value over the next decade.

What happened: During an interview on the podcast in Capitalis, “Modern Financial Parents” was asked about the possibility of the value of Bitcoin to zero in the next ten years, he answered, “I would like to say that it is close to one.”

FAMA stated that the cryptocurrency works against everything that is known about the critical theory.

Fama’s doubts about encrypted currencies were rooted in the inherent instability. He said they contradict the basic principles of the exchange of exchange because of its true volatile value.

“They do not have a real, stable value, as you know. They have a very real variable value. This type of exchange is not supposed to remain.” “People do not want to do business in something that can get them out of work.”

The pioneer of the effective market hypothesis also criticized the intensive mining method of energy, which is responsible for bringing the new bitcoin in trading.

“It is not really sustainable. Fama said:” You cannot have a full financial system based on this because it requires a lot in the computing method. ”

A dark prediction comes after a record year in the leading cryptocurrency, which has witnessed its highest levels ever at $ 109,000 and more than twice its market value.

See too: Elon Musk says that Treasury officials “break the law every hour” with approval

Why do it matterFemale predictions that follow the similar doubts by the well -known economists towards Bitcoin.

Nobel Prize winner Paul Crowgman Bitcoin is called “economically useless” last year in July, by interrogating the president Donald Trump They embraced it while he was in the campaign path. He even indicated that Trump’s proposal to the National Bitcoin reservoir as a “government rescue plan” for a scandal sector.

Another economic expert, Justin Wolfard, He was asked about the feasibility of the National Bitcoin stock, indicating an increasing doubt about Bitcoin’s economic feasibility.

It is worth noting that Trump signed executive orders and evaluated the establishment of “Strategic National Digital Assets”.

PriceAt the time of writing this report, Bitcoin has exchanged hands at 94,421.46 dollars, and drowned 5.31 % in the past 24 hours, according to Data from Benzinga Pro.

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