Ganador del Premio Nobel de Economía critica duramente el BTC: cero en 10 años, no toque TradFi para evitar ser arrastrado

Eugene F. Fama, hailed as the 'father of modern finance,' recently launched a fierce attack on BTC on the Capitalisn't Podcast, stating that it has 'no practical use' and predicting that the BTC bubble will burst within 10 years. (Summary: BTC. Housing market golden cross: Crypto world KOL buys in Taipei, TSMC engineer sells off, construction volume hits a 5-year low) (Background: Declining attractiveness of BTC? JPMorgan: Over 70% of traders have no intention to buy or sell virtual currency) BTC is often the target of criticism from TradFi professionals, with common doubts including high volatility, lack of intrinsic value, and its almost non-existent use as a currency for everyday payments. Recently, Nobel laureate in economics and 'father of modern finance' Eugene F. Fama made sharp criticisms of BTC on the Capitalisn't Podcast. Eugene even said that cryptocurrency itself is a mystery because it violates the basic principles of being a medium of exchange: 'It does not have stable intrinsic value, and its price fluctuates dramatically. Such a currency cannot exist in the long term.' Regarding BTC being seen as 'digital gold,' Eugene is equally skeptical. He emphasizes: 'Only assets with practical use can be called digital gold. Without utility, it is not even worth a piece of paper, just empty talk, not even as valuable as air.' He further stated that according to existing currency theories, cryptocurrency should not have survived until now: 'I hope BTC will collapse because if it doesn't, it means we have to overturn existing currency theories and start over. Perhaps the current theories are no longer applicable, but in any case, we must rethink.' Predicting BTC to go to zero within 10 years, Eugene predicts that the rise of cryptocurrency has a predictable outcome because 'trying to build the entire financial system on blockchain is impractical and requires massive computing resources.' As for when the bubble will burst, he half-jokingly says, 'I dare predict that the BTC bubble will burst within 10 years. After all, I'm already 86 years old, so I shouldn't be held responsible for this prediction, right?' He added that once the cryptocurrency industry collapses, many companies may ultimately turn to the government for help and seek bail-out funds. He then argues that there should be a clear distinction between cryptocurrency and TradFi systems to avoid dragging down the entire economy in the future when dealing with the aftermath. However, with the listing of BTC and Ether spot ETFs, the SEC's formal repeal of accounting standards SAB121 that prevented banks from custodializing encrypted assets, the Federal Deposit Insurance Corporation's (FDIC) plan to amend and eliminate discriminatory policies against cryptocurrency, as well as the practical benefits demonstrated by many initiatives aimed at putting TradFi assets on the chain and stablecoin settlement mechanisms, these developments suggest that the cryptocurrency industry is not in conflict with TradFi, but rather has the opportunity to prosper and complement each other. Related reports: Arthur Hayes warns: BTC reserves could become 'political nuclear weapons,' Democratic victory could lead to closing all positions and dumping. Deep dive: Will the US dollar really collapse? Should the US establish BTC reserves? The altcoin season ended as early as 2024? Analyst: BTC dominance must reach 71% to return. 'Nobel laureate in economics criticizes BTC: zero within 10 years, stay away from TradFi to avoid being dragged down.' This article was originally published on BlockTempo, the most influential blockchain news media in the D-Community.