Bitcoin will be “no value” for 10 years, says the Nobel Finance Prize winner

People have always questioned BitcoinBut when a Nobel Prize -winning economist said he would eventually fail, many have taken care of.

Eugene Fama, known as “Modern Financial Father”, believes this Bitcoin will not eventually deserve anything. What is its cause? Bitcoin does not have a real value, does not work well for buying and selling, and does not fit with regular banking systems. Is it logical?

Bitcoin weaknesses: a deadly defect or a development that is misunderstood?

Fama is essentially concerned about the unexpected inability of Bitcoin. In order for the currency to work well, it must be stable. Bitcoin changes in value a lot, making it difficult for companies to accept them as payment. Fama believes that the uncertainty in Bitcoin makes it difficult to use it as a way to buy and sell things.

He also argues that bitcoin It lacks the support of the central authority. Unlike the Fiat currencies, which are supported by governments, Bitcoin derives the pure value from market speculation and demand. If the demand disappears, the price goes to scratch. This is his basic thesis, but is it the entire story?

Nobel Prize winner Eugene Fama is expected to become bitcoin without value https://t.co/smpqyoodmh via Promarket_org

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Value Discussion Store: Is Bitcoin Digital?

FAMA’s argument critics note that Bitcoin not only tries to be a currency – it is developing to something else. Many see a digital gold, a store with an immune value against inflation and control of the government. Unlike traditional currencies, Bitcoin has a fixed supply of 21 million coins, making them rare and possibly contraction.

New: “Nobel Prize winner” Eugene Fama is expected to “will go Bitcoin to $ 10 in 10 years”

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In this sense, bitcoin fluctuation can be an advantage, not a defect. gold Do not use in daily transactions, however it carries a tremendous value because of its rarity and historical confidence. If Bitcoin follows a similar path, it may not be widely used for payments – but this does not mean that it has no value.

What does Bitcoin require to go to scratch?

In order to really collapse Bitcoin, some extremist scenarios must be revealed. The ban around the world may crush demand, which makes it difficult for investors to keep or trading. Technological failure – like a catastrophic error in Bitcoin Protocol – can undermine confidence. Or a superior alternative that can be replaced.

But history indicates that Bitcoin is flexible. He survived multiple incidents, organizational oppression, and criticism of heavy financial weights. Every time, I bounced again stronger. Can Fama be in the long run? maybe. But betting on bitcoin has proven to be a losing game so far.

Judgment: a receptive future in the future

Bitcoin’s future is still uncertain, opinions are always divided. While some believe that he is convicted, others see it as a revolutionary financial tool. reality? Bitcoin is still developing, and its fate will depend on the adoption, organization and market forces.

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