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Nobel Prize-winning economist Eugene Fama, known as the father of modern finance, made a bombshell statement about Bitcoin (BTC) and cryptocurrencies.
According to Fama, Bitcoin will eventually become completely worthless—transforming what is currently one of the largest crypto assets (often associated with values around 100 thousand dollars) into garbage.
Speaking on a podcast, Fama argued that Bitcoin and altcoins lack intrinsic value. He pointed out that this view contradicts traditional monetary theory, suggesting that if cryptocurrencies are to retain their value, monetary theory itself will need to be rewritten. This, he believes, is precisely why BTC is destined to become worthless.
So when will Bitcoin (BTC) be trashed? According to Fama, this could happen within the next 10 years—although he acknowledges that this is just a possibility.
His comments come at a time when the cryptocurrency market is experiencing one of its biggest declines in history, adding significant weight to his prediction. Only time will tell whether Eugene Fama or his critics will ultimately be proven right.
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