Eugene Fama, considered the "Father of modern finance," expressed skepticism towards Bitcoin in a recent podcast. Fama argued that cryptocurrencies violate the rules of a medium of exchange and lack stable value, making it unlikely for them to survive. While he did not guarantee that Bitcoin will be worthless, Fama stated that there is a high probability that its value will go to zero within a decade. He also expressed hope that Bitcoin would burst, as its continued existence would challenge established monetary theory. Fama also mentioned the threat of a 51% attack and highlighted gold as a more favorable asset due to its multiple use cases. However, it's worth noting that Fama's predictions were not expressed with utmost confidence.



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