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Bitcoin will eventually be zero, economist predicts: Here’s when
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
By Alexey Borovets & Anthony Patrick
February 1, 2025 at 7:46 pm
bitcoin-will-eventually-be-zero-economist-predicts-heres-when
Edited by Anna Akopian
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Bitcoin will eventually be zero, economist predicts: Here’s when
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Why? Cryptocurrencies “violate all the rules of a medium of exchange,” Fama said on the Jan. 30 episode of Capitalisn’t. “They don’t have a stable real value. You know, they have highly variable real value. That kind of medium of exchange is not supposed to survive.”

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?”