NEWSLETTER
People have always doubted <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin” target=”_blank” rel=”noopener nofollow”>bitcoinBut when an economist winning Nobel Prize said he will eventually fail, many paid attention.
Eugene fame, known as the “father of modern finances”, thinks that <a target="_blank" href="https://www.promarket.org/2025/01/30/nobel-laureate-eugene-fama-predicts-bitcoin-will-become-worthless/” target=”_blank” rel=”noopener nofollow”>bitcoin will eventually use anything. What is your reason? bitcoin does not have a true value, it does not work well to buy and sell, and does not fit into regular banking systems. Does your case make sense?
bitcoin weaknesses: a fatal failure or an incomprehemed evolution?
Fame is mainly concerned about how unpredictable bitcoin is. For a currency to work well, it must be stable. bitcoin changes a lot in value, which makes it difficult for companies to accept it as payment. Fame believes that bitcoin's uncertainty makes it difficult to use as a way of buying and selling things.
It also argues that bitcoin It lacks the support of a central authority. Unlike fiduciary currencies, which governments support, bitcoin derives the exclusively value of speculation and market demand. If the demand disappears, the price goes to zero. That is his main thesis, but is the whole story?
<blockquote class="twitter-tweet”>
Laureado Nobel Eugene Fame predicts that bitcoin will become useless https://t.co/smpqyoodmh through <a target="_blank" href="https://twitter.com/ProMarket_org?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>@Promarket_org
– The activist investor (@activistinvestr) <a target="_blank" href="https://twitter.com/activistinvestr/status/1885338713808421188?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>January 31, 2025
The value debate warehouse: Is bitcoin Digital Gold?
Critics of the Fame argument indicate that bitcoin is not only trying to be a currency, it is evolving towards something else. Many see it as digital gold, a reserve of immune value to inflation and government control. Unlike traditional currencies, bitcoin has a fixed supply of 21 million currencies, which makes it scarcely and potentially deflation.
<blockquote class="twitter-tweet”>
New: “Laureado Nobel” Eugene Fame predicts that bitcoin “will go to $ 0 in 10 years”
What idiot pic.twitter.com/dvz4x4y2ol
– The bitcoin historyn (@pete_rizzo_) <a target="_blank" href="https://twitter.com/pete_rizzo_/status/1885033098187804677?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>January 30, 2025
In that sense, bitcoin's volatility could be a feature instead of a failure. Gold It is not used in everyday transactions, but has immense value due to its scarcity and historical trust. If bitcoin follows a similar trajectory, it is possible that it is never widely used for payments, but that does not mean it is not worth it.
What would be needed for bitcoin to go to zero?
For bitcoin to be really collapse, some extreme scenarios would have to develop. A world prohibition could crush demand, which makes it difficult for investors to have or trade. A technological failure, as a catastrophic error in the bitcoin protocol, could undermine trust. Or a superior alternative could replace it.
But history suggests that bitcoin is resistant. He has survived multiple accidents, regulatory repressions and criticism of financial weights. Every time, he has recovered stronger. Could it be like to be just in the long term? Probably. But betting against bitcoin has proven to be a losing game so far.
The verdict: a polarizing future ahead
bitcoin's future is still uncertain, and opinions are as divided as ever. While some believe he is convicted, others see it as a revolutionary financial instrument. Reality? bitcoin continues to evolve, and its destiny will depend on adoption, regulation and market forces.
Euthented image of City Am, TrainingView graphic
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
