👉 Cryptocurrency Problems 👈
Cryptocurrencies have taken a back seat to economists at the University of Chicago, known for its liberal economic thinking in the 1950s. But in the age of blockchain, how much of traditional monetary theory can still be applied to markets?
For Eugene Fama, winner of the Nobel Prize in Economics in 2013 and considered the “father of modern finance”, cryptocurrencies have no real value and, in ten years, Bitcoin will have its value reduced to zero.#MicroStrategyAcquiresBTC
In conversation with economist Luigi Zingales and journalist Bethany McLean on the Capitalisn’t podcast (did you like the pun?), Gene Fama acknowledges the difficulty of making predictions and says that economic models are not an absolute truth.#