Nobel-winning economist Eugene F. Fama has predicted that Bitcoin will go to zero within a decade, citing its unsustainable nature and highly variable value. Fama criticizes cryptocurrencies for violating traditional monetary theories, emphasizing that they lack a stable real value and should not survive as mediums of exchange. He argued that Bitcoin's role as 'digital gold' is flawed, stating it has no practical use and is akin to 'air.' With Bitcoin currently valued above $97,000 and having a market capitalization nearing $2 trillion, Fama expressed concerns about a potential bubble, suggesting that he hopes it will burst, which could force a reevaluation of monetary theory. He further commented on the growing ties between Wall Street and the crypto sector and predicted that the industry may seek government bailouts in case of a downturn, emphasizing the need to keep it separate from traditional finance to prevent disrupting the wider economy.

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