Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > Bitcoin isn’t money – Econlib
Economy

Bitcoin isn’t money – Econlib

Last updated: February 15, 2025 2:00 pm
Share
Bitcoin isn’t money – Econlib
SHARE

The Debate Over Bitcoin: Is Collapse Inevitable?

In a recent interview with Eugene Fama, the Nobel laureate predicted a grim future for Bitcoin, suggesting that its price could plummet to zero. Fama argues that despite its mainstream adoption, Bitcoin lacks intrinsic value, making it vulnerable to a collapse if demand wanes.

Fama’s stark warning raises concerns about the long-term viability of Bitcoin. He believes that if the demand for Bitcoin evaporates, its pricing will follow suit, potentially leading to a complete crash. When asked if Bitcoin’s price could ultimately drop to zero, Fama responded with a chilling affirmation, indicating that the likelihood is close to certainty.

Furthermore, Fama expressed a desire for Bitcoin to fail, suggesting that its demise would prompt a reevaluation of monetary theory. He believes that the persistence of Bitcoin poses a challenge to existing economic frameworks, necessitating a fresh perspective on the nature of currency.

Contrary to Fama’s assertions, it’s essential to recognize that Bitcoin does not fit the traditional definition of money. While it serves as a digital asset and a speculative investment, Bitcoin lacks the widespread adoption and recognition needed to function as a medium of exchange or unit of account. Therefore, its impact on monetary theory is limited.

Comparing Bitcoin to electronic gold offers a more accurate perspective on its role in the modern economy. Just as gold has served as a store of value for generations, Bitcoin appeals to a new demographic of tech-savvy individuals seeking alternative investment opportunities.

While both gold and Bitcoin have industrial applications, their primary value lies in their perceived scarcity and resilience as stores of value. Investors and enthusiasts alike view these assets as reliable stores of wealth, anticipating future demand and appreciation.

See also  Globalist NGOs Are Purposefully Hiding the Money Trail — Interview with Hungarian MEP András László |

TAGGED:BitcoinEconlibIsntMoney
Share This Article
Twitter Email Copy Link Print
Previous Article DeVonta Smith joins an elite company that has 3 major accolades as the Eagles stop the Chiefs from a three-peat DeVonta Smith joins an elite company that has 3 major accolades as the Eagles stop the Chiefs from a three-peat
Next Article Jack The Ripper’s Identity Revealed After 137 Years? Historian Makes Bold Claim Jack The Ripper’s Identity Revealed After 137 Years? Historian Makes Bold Claim
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Neuralink Patient Makes YouTube Video With Brain Implant : ScienceAlert

Neuralink, the brain chip implant developed by Elon Musk, has been making waves in the…

May 5, 2025

Stowaway Caught In Paris After Boarding Delta Flight In New York

Woman Boards Flight to Paris Without Boarding Pass During the Thanksgiving travel rush, a woman…

November 28, 2024

Chicago cop used his badge to buy guns for Mexican smuggler: feds

Home Brandon’s Bodies Courtroom Transparency Fund Members Only Section Subscribe Contact Us/About Us September 24,…

September 24, 2025

How A Broken Heart Sent Pope Francis Into Priesthood

Pope Francis, the first Latin American pope, made history in 2013 when he was elected…

April 21, 2025

Real Reason Behind Katy Perry and Orlando Bloom Not Getting Married as Actor ‘Struggles’ to Balance Lust for Flings With Co-Parenting Dad Duties

Katy Perry and Orlando Bloom have officially called it quits after nine years together, with…

July 18, 2025

You Might Also Like

Why Is Wolfspeed Stock Soaring Today?
Economy

Why Is Wolfspeed Stock Soaring Today?

October 10, 2025
When Godzilla Breaks Windows
Economy

When Godzilla Breaks Windows

October 10, 2025
Peter Schiff Describes Bitcoin’s Jump Over 6,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’
Economy

Peter Schiff Describes Bitcoin’s Jump Over $126,000 As ‘Bear Market Rally’: ‘Too Early For Bitcoiners To Get Excited…’

October 10, 2025
Veteran analyst drops sharp take on GTA 6 hype
Economy

Veteran analyst drops sharp take on GTA 6 hype

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?