Nobel winning economists predicted that Bitcoin would be zero in 10 years.
Eugene F. FAMA, often called “father of modern finance” Not Capitalis The rise of this digital asset has a “predictable ending”.
He insisted that building a full financial system using a blockchain would be “impossible” to be “impossible.” Because this requires too many computing skills. And “Everything we know about currency theory” suggests that cryptocurrencies should not survive.
FAMA said, “Cryptocurrencies is a puzzle because it violates all the rules of the exchange media. “They do not have a stable real value. They have very variable real values. That kind of exchange medium cannot survive.”
With a fixed supply of 21 million coins, Bitcoin has been deployed as a hedge for “digital gold” and inflation rather than cryptocurrency suitable for everyday payments. But this claim does not maintain much weight on FAMA.
The economist said, “If there is no use, it is only digital. If there is no use, it is only paper. It is not paper, not air, even air,” the economist said.
Bitcoin is currently the seventh most valuable asset in the world, and according to the list of the Infinite market cap, the total market cap is nearly $ 2 trillion. According to Coingecko data, at the time of writing, the price of bitcoin fell 1.1% compared to yesterday and more than $ 97,000.
When he asked if he was ready to call this bubble, FAMA said: “I can’t predict when it will burst. I want it to rupture, but I can’t predict it. I want it to rupture. We call a call You have to start with the theory.
FAMA said it would be willing to say that this bubble would burst in 10 years. He is 86 years old and said, “The possibility of paying this time is quite low.”
And when the encryption sector explodes, the encryption sector is likely to “run” for bailouts.
He insisted that the encryption space should be separated from the traditional financial system. In other words, the wider economy insisted that if the industry was destroyed, it was not necessary to pick up a piece.
The relationship between Wall Street and encryption is getting closer. Bitcoin and Ether Leeum It can be difficult to remove the regulations that persuade ETFs and banks to detain digital assets.
Edited by Stacy Elliott.
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