{"id":10951,"date":"2025-02-02T21:01:33","date_gmt":"2025-02-02T21:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10951"},"modified":"2025-02-02T21:01:33","modified_gmt":"2025-02-02T21:01:33","slug":"bitcoin-will-be-worthless-in-10-years-finance-nobel-prize-winner-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10951","title":{"rendered":"Bitcoin Will Be \u2018Worthless\u2019 In 10 Years, Finance Nobel Prize Winner Says"},"content":{"rendered":"
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People have always doubted Bitcoin<\/a>, but when a Nobel Prize-winning economist said it will eventually fail, many paid attention.<\/p>\n

Eugene Fama, known as the \u201cfather of modern finance,\u201d thinks that Bitcoin will eventually be worth nothing<\/a>. What is his reason? Bitcoin has no true value, doesn\u2019t work well for buying and selling, and doesn\u2019t fit within regular banking systems. Does his case make sense?<\/p>\n

Bitcoin\u2019s Weaknesses: A Fatal Flaw Or Misunderstood Evolution?<\/strong><\/h2>\n

Fama is mainly worried about how unpredictable Bitcoin is. For a currency to work well, it must be stable. Bitcoin changes in value a lot, making it hard for companies to accept it as payment. Fama believes that Bitcoin\u2019s uncertainty makes it difficult to use as a way to buy and sell things.<\/p>\n

He also argues that Bitcoin lacks the backing of a central authority<\/a>. Unlike fiat currencies, which governments support, Bitcoin derives value purely from market speculation and demand. If the demand disappears, the price goes to zero. That\u2019s his core thesis, but is it the whole story?<\/p>\n

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Nobel Laureate Eugene Fama Predicts Bitcoin Will Become Worthless https:\/\/t.co\/smpQyoODmh<\/a> via @ProMarket_org<\/a><\/p>\n

\u2014 The Activist Investor (@activistinvestr) January 31, 2025<\/a><\/p>\n<\/blockquote>\n

The Store Of Value Debate: Is Bitcoin Digital Gold?<\/strong><\/h2>\n

Critics of Fama\u2019s argument point out that Bitcoin isn\u2019t just trying to be a currency\u2014it\u2019s evolving into something else. Many see it as digital gold, a store of value immune to inflation and government control. Unlike traditional currencies, Bitcoin has a fixed supply of 21 million coins, making it scarce and potentially deflationary.<\/p>\n

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NEW: \u201cNOBEL LAUREATE\u201d EUGENE FAMA PREDICTS BITCOIN WILL \u201cGO TO $0 IN 10 YEARS\u201d<\/p>\n

What an idiot \"\ud83e\udd21\" pic.twitter.com\/dVz4x4y2ol<\/a><\/p>\n

\u2014 The Bitcoin Historian (@pete_rizzo_) January 30, 2025<\/a><\/p>\n<\/blockquote>\n

In that sense, Bitcoin\u2019s volatility could be a feature rather than a flaw. Gold<\/a> isn\u2019t used in everyday transactions, yet it holds immense value due to its scarcity and historical trust. If Bitcoin follows a similar trajectory, it may never be widely used for payments\u2014but that doesn\u2019t mean it\u2019s worthless.<\/p>\n


\nWhat Would It Take For Bitcoin To Go To Zero?<\/strong><\/p>\n

For Bitcoin to truly collapse, a few extreme scenarios would have to unfold. A worldwide ban could crush demand, making it difficult for investors to hold or trade. A technological failure\u2014such as a catastrophic bug in the Bitcoin protocol\u2014could undermine trust. Or a superior alternative could replace it.<\/p>\n

But history suggests Bitcoin is resilient. It has survived multiple crashes, regulatory crackdowns, and criticisms from financial heavyweights. Each time, it has bounced back stronger. Could Fama be right in the long run? Possibly. But betting against Bitcoin has proven to be a losing game so far.<\/p>\n

The Verdict: A Polarizing Future Ahead<\/strong><\/p>\n

Bitcoin\u2019s future remains uncertain, and opinions are as divided as ever. While some believe it\u2019s doomed, others see it as a revolutionary financial instrument. The reality? Bitcoin is still evolving, and its fate will depend on adoption, regulation, and market forces.<\/p>\n

Featured image from City AM, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

People have always doubted Bitcoin, but when a Nobel Prize-winning economist said it will eventually fail, many paid attention. Eugene Fama, known as the \u201cfather of modern finance,\u201d thinks that Bitcoin will eventually be worth nothing. What is his reason? Bitcoin has no true value, doesn\u2019t work well for buying and selling, and doesn\u2019t fit […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10951","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10951"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10951\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}