“Cryptocurrencies are such a puzzle because they violate all the rules of a medium of exchange. They don’t have a stable real value. You know, they have highly variable real value. That kind of medium of exchange is not supposed to survive.”
Eugene Fama, Economist · Bitcoin since: -25%
As published by Chicago Booth Review
Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero ↗
A little perspective.
Bitcoin on that day$104,735January 30, 2025
$100 at that price$75.30At our latest price check
Illustrative value using a Bitcoin price of $78,866, checked Oct 29, 2026, 11:26 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero” — Eugene Fama, Chicago Booth Review, January 30, 2025. Bitcoin: $104,735.3. https://bitcoindeaths.com/posts/2025-01-30-capitalisnt-why-this-nobel-economist-thinks-bitcoin-is-going-to-zero