This Nobel Prize Winning Economist Predicted Bitcoin 30 Years Ago Although cryptocurrencies like bitcoin (btc) have existed for nearly 15 years now, the idea of their existence was born long before, as evident from the statements made by the late nobel prize winning economist milton friedman in an interview published 30 years ago. Nobel laureate eugene fama warns that bitcoin has “a close to 100%” chance of becoming worthless within a decade. fama argues bitcoin fails fundamental monetary principles: its extreme volatility prevents it from functioning as a reliable medium of exchange or store of value.
Yale Economist How Likely It Is That Bitcoin Will Become Worthless Eugene fama, the “father of modern finance” and a respected nobel laureate, has delivered a harrowing prediction for the world’s most famous cryptocurrency, claiming it could soon become completely worthless. Although cryptocurrencies like bitcoin (btc) have existed for nearly 15 years now, the idea of their existence was born long before, as evident from the statements made by the late nobel prize winning economist milton friedman in an interview published 30 years ago. Eugene fama, pioneer of the efficient market hypothesis and nobel laureate in economics, predicts that bitcoin has a close to 100% probability of becoming worthless within the next decade. Fama, who authored the efficient markets hypothesis in the 1960s, didn’t actually guarantee that bitcoin will be worthless. rather, he agreed when podcast host, finance professor luigi zingales, asked what the probability was that, “within 10 years, the value of bitcoin would go to zero?”.
Economist Breaks Down The Bitcoin Boom And Possible Regulation Ahead Eugene fama, pioneer of the efficient market hypothesis and nobel laureate in economics, predicts that bitcoin has a close to 100% probability of becoming worthless within the next decade. Fama, who authored the efficient markets hypothesis in the 1960s, didn’t actually guarantee that bitcoin will be worthless. rather, he agreed when podcast host, finance professor luigi zingales, asked what the probability was that, “within 10 years, the value of bitcoin would go to zero?”. Eugene f. fama, a nobel prize winning economist known for his work on asset pricing and the efficient market hypothesis, believes bitcoin will ultimately become worthless. 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 “father of modern finance,” thinks that bitcoin will eventually be worth nothing. what is his reason?. As president donald trump advances a pro crypto agenda in washington, a prominent nobel prize winning economist is forecasting that the world's leading cryptocurrency will be worth nothing. Fama, the author of the efficient markets hypothesis from the 1960s, didn’t guarantee bitcoin’s worthlessness. instead, when asked by podcast host and finance professor luigi zingales about the likelihood of bitcoin’s value dropping to zero within a decade, fama indicated it was highly probable.
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