A Nobel Prize winner has warned that Bitcoin will be worthless within the next 10 years.
The cryptocurrency boom could soon be over, with one industry expert warning that he thinks Bitcoin might eventually be worthless. After the NFT boom and collapse of 2021, it’s not hard to see crypto going the same way.
There’s been a post-election boom in Bitcoin, with the world’s first decentralized cryptocurrency hitting record highs since Donald Trump trounced Kamala Harris in November 2024. Then again, with Trump being the first US President to buy goods using crypto, we should’ve seen this coming. There’s also the fact that the POTUS and First Lady have released their own meme coins, with both Donald and Melania Trump coming under fire and some losing thousands for investing in them. Trump has made millions off the back of his crypto ventures, but according to Nobel Laurette Eugene Fama, Bitcoin will soon be ‘worthless’. The so-called ‘Father of Modern Finance’ has some stark warnings, suggesting that the cryptocurrency has no real value, is unsuitable for buying and selling, and can’t find a place in normalized banking systems.
Eugene Fama thinks the Bitcoin bubble is ready to burst (Namthip Muanthongthae / Getty)
Fama points out how Bitcoin’s fluctuating prices make it unstable, with many companies (logically) refusing to accept it as payment. Whereas fiat currencies have government support, Bitcoin doesn’t have the backing of a central authority.
Like the previous NFT bubble, Fama suggests that if the demand for Bitcoin vanishes, so does its pricing.
Speaking to the Capitalisn’t podcast with Luigi Zingales and Bethany McLean, Fama explained: “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.”
Zingales went on to add: “The problem with all the cryptos is, in order to create some trust in the system, you basically bound the supply, and once you bound the supply, the price is driven entirely by demand.”
The fixed supply and wavering demand apparently make Bitcoin unsuitable to be classed as a long-term currency.
When Zingales pushed Fama on the future of Bitcoin, and whether it would eventually dip to zero he mused: “I would say it’s close to one.”
Still, he said that ‘the distribution has long tails’, suggesting that it’s hard to predict when, how, and if a collapse will happen.
As for Fama, he actually hopes Bitcoin will go bump, hopefully proving his work on efficient capital markets: “I’m hoping it will bust, because if it doesn’t, you have to start all over with monetary theory.”
No fan of Bitcoin, Fama concludes that for it to stay around long-term, economists will have to overhaul what they think about money and markets completely. Bitcoin hit a record high of $109,114.88 in January 2025, but with prices already slumping due to the market responding to US tariffs, the cracks could already be showing.
There’s a potential Bitcoin boom on the way in 2025, with cryptocurrency experts pointing toward new historic highs for the digital currency. While President Donald Trump was once dismissive of Bitcoin, he threw himself behind the digital asset community when he bought a burger using it in September 2024.
In the aftermath of his return to the White House, the whole crypto industry has largely continued to soar, with Bitcoin being a big winner. President Trump and his wife Melania have even released their own meme coins, with the POTUS being nonchalant about the fact it’s added billions to his fortune.
Despite some thinking Bitcoin will hit a supposed ‘red line’ in 2025, and that its best years could be behind us, others are rallying behind its upward trajectory.
As reported by Bitcoin.com, experts are optimistic about what the rest of 2025 has in store. Hunter Horsley, CEO of Bitwise Asset Management, took to social media on February 16 and wrote: “People are wildly underestimating the massive leaps bitcoin is going to take into the mainstream this year. Never been more optimistic.”
It comes amid suggestions that Bitcoin will be adopted by the mainstream thanks to institutional investors, regulatory clarity, and it being more accessible. All of this comes alongside Donald Trump’s “Strengthening American Leadership In Digital Financial Technology” executive order.
Bitwise Chief Investment Officer Matt Hougan says the crypto market is an underrated opportunity for investors, adding: “Institutional sentiment towards crypto is the most bullish I’ve ever seen.”
As for it being a risk-adjusted perspective, he said, “It is arguably the best time in history to invest in crypto.”
Bitcoin.com points to a ‘bullish’ price forecast from Ark Investment Management. Although there are three potential scenarios, Ark Invest highlights a conservative Bitcoin price of $300,000 by 2030. There’s also the base case of $710,000 and an optimistic valuation of $1.5 million per coin.
Bitcoin could soar under President Trump (NurPhoto / Contributor / Getty)
This somewhat lines up with the musings of Geoff Kendrick, head of crypto research at Standard Chartered Bank. Kendrick estimated that Bitcoin could hit $500,000 by the time Trump leaves office in 2029.
Still, we’re being bombarded from all sides by conflicting reports. Nobel Laurette Eugene Fama claimed Bitcoin will soon be ‘worthless’, as the ‘Father of Modern Finance’ warned that cryptocurrency doesn’t have real value and won’t be able to find a place in normalized banking systems.
Even though there’s been a recent Bitcoin slump over the past month, a look at its trajectory over the past six months still puts it up by 65.24% at the time of writing. While Bitcoin’s current $75,853.80 on February 18 might be a way off its all-time high of $108,077 on December 17, 2024, it’s easy to imagine it climbing back up there before too long.
Crypto expert Tim Draper has made a ‘crazy’ prediction for the future of Bitcoin.
There’s gold in those virtual hills, as American venture capital investor Tim Draper has predicted a meteoric rise in the value of Bitcoin. From its early days from the mind of the MIA Satoshi Nakamoto to Donald Trump being the first U.S. President to buy a burger with Bitcoin, we’ve seen El Salvador adopt it as a currency and people threaten to sue local councils over their missing Bitcoin billions.
In May 2010, the first notable retail Bitcoin transaction traded two Papa John’s pizzas for 10,000 mined BTC. Although that was only the equivalent of around $40, jump forward to 2024 and the rise of Bitcoin means the same 10,000 BTC is currently worth $1,016,935,000.
Bitcoin is projected to continue its upward trajectory (Anadolu / Contributor / Getty)
Bitcoin hit an all-time high of $66,975 in October 2021 before quickly falling by almost 50% in January 2022, but since then, there’s largely been a steady climb. Bitcoin finally surged to a new all-time high of $73,664 in March 2024, then broke the $100k line on December 5. There’s been a mad flurry of activity as analysts predict what comes next, but for Draper, this is the start of something massive.
Speaking to Benzinga, Draper suggested that Bitcoin will continue its upward trajectory to reach $120k by the end of the year: “My first prediction was in 2014 when Bitcoin was at $180. I said that it would be $10,000 in three years. Sure enough, by the end of 2017, Bitcoin hit $10,000.”
Although Draper admitted he was wrong about Bitcoin reaching $250,000 in 2022, he’s still looking into his Bitcoin ball about what comes next. Saying he was three years off with his $250k projections, he added: “I think we can chalk those three years up to a weak government that regulated rather than encouraged new technologies. Our new government is more encouraging.”
It comes after Bitcoin enjoyed a post-election boom with Donald Trump back on the road to the White House. Despite some early skepticism from the former and future POTUS, he’s since adopted cryptocurrency in a big way.
Looking ahead, Draper told Benzinga how Bitcoin is a ‘long-term’ trend: “Bitcoin is just better technology than using banks and governments as the trusted third party. It is transparent, global, open, keeps perfect records, etcetera.”
Hyping the benefits of Bitcoin, Draper continued: “It will make the world wealthier. When retailers (for currency) and governments (for taxes) realize that Bitcoin will save them money on each transaction, then there will be a great incentive for everyone to use Bitcoin.”
Seeing a milestone $250,000 in the not-so-distant future, he concluded: “Assuming a standard supply and demand curve, if there is a big buyer like that, the price will continue to rise. I think 2025 is the year Bitcoin will finally hit my mark of $250,000.”
Even though Draper has been wrong before, there’s definitely a renewed interest in Bitcoin. MicroStrategy co-founder Michael Saylor shared a November post confirming that the company had acquired $5.4 billion worth of Bitcoin – making it the digital currency’s single biggest purchase yet.
Featured Image Credit: Stephen McCarthy/Contributor / OZAN KOSE/Contributor / Getty
Unless you’re Nostradamus or Baba Vanga, it’s hard to predict the future.
Even then, some think the supposed mystics have got it wrong and will continue to despite making predictions for thousands of years.
The pair were wrong about aliens invading the Super Bowl in 2025, and when it came to the halftime show, it was just a simple performance from Kendrick Lamar and SZA.
There was lots to talk about when it came to Super Bowl LIX, with Donald Trump being the first serving President ever to attend and Taylor Swift being booed when she appeared on the jumbotron.
It was a victory for the Philadelphia Eagles, besting the Kansas City Chiefs with a 40-22 score.
The Eagles were out for revenge in New Orleans after the Chiefs beat them with a close 38-25 score in 2023.
The Philadelphia Eagles secured victory over the Kansas City Chiefs (Gregory Shamus / Staff / Getty)
The Chiefs were looking to secure their third consecutive Super Bowl, but it wasn’t meant to be.
According to Action Network, one supercomputer crunched the numbers and claimed that the Chiefs had a 58.4% chance of victory.
The supercomputer predicted a 30-27 win for the Chiefs in a close-fought contest. It ended up being a reverse victory, with the Eagles clearing the Chiefs by 18 points.
Working out a probability model, the supercomputer predicted the outcome based on factors like the team’s current strength when combined with the likes of betting market odds.
By using 1,000 simulations, it then created a set of average statistics and probabilities.
The supercomputer suggested things would be much closer than they actually were, always predicting a Chiefs win with other potential scores of 25-22, 27-22, 27-24, and 29-26.
The supercomputer was also off the mark with the Super Bowl MVP, wrongly predicting that Patrick Mahomes was going to secure his fourth win.
The supercomputer also suggested it could’ve been Saquon Barkley, with eventual winner Jalen Hurts only having a 14.8% chance of being declared MVP.
It comes after the same supercomputer incorrectly predicted that the San Francisco 49ers had a 56.26% chance of beating the Kansas City Chiefs.
Instead, the Eagles lifted the Vince Lombardi Trophy. It’s the team’s second victory after first winning in 2018.
Elsewhere, one Super Bowl fan used three AI models to try and predict the winner, coming to the final decision of the Eagles beating the Chiefs with a 36-14 score.
With the account AI with Alex being on the money with the Eagles winning, others in the comments have asked him to predict the stock market next.
While the supercomputer was wrong, Alex’s AI models were much closer to the final result.
One fan cheered: “Hi Alex, I am a believer now. Can you also predict stock and coins’ prices in 30-60-90 days increments? It would help me a lot and I would kick back to you.”
There might be continued concerns that AI and supercomputers will, with some even predicting when the human race will be wiped out, but if the Super Bowl predictions are anything to go on, we should be safer for a bit longer.
Featured Image Credit: Jamie Squire / Staff / Getty
A Bitcoin expert has made a worrying prediction for where the cryptocurrency will go in 2025.
This is after Bitcoin hit a record of $100,000 last year.
The crypto has seen a skyrocket of its value in recent months, hitting an all time high in 2024.
A crypto expert has made predictions for Bitcoin’s future (Dan Kitwood/Getty Images)
But what is in store for Bitcoin in the next 12 months? One expert believes he has the answer.
Glen Goodman is the author of bestselling book The Crypto Trader, and according to him, it might not be such good news.
He believes that the best years of Bitcoin could be behind us.
Goodman previously said: “I follow trends and by my calculations Bitcoin could be peaking at about $120,000 towards the end of January. This might well be a high point – as it then passes a theoretic red line that by my calculation goes above an expected trend. At this time, it may be time to sell.”
At the time of writing this (February 4), the value of Bitcoin sits at $98,513, which means Goodman could be onto something.
The expert went as far as to say that the crypto could fall by a whopping two-thirds of its value this year.
He continued: “I am not looking to put any more money into Bitcoin next year and believe the day after Donald Trump won the US presidential election could have been the last great opportunity to benefit from a leap in value. But I cannot discount making short-term bets if something unusual happens.
Bitcoin has seen a surge in value in recent months (Fajrul Islam/Getty Images)
“Trump is an unpredictable character, and you never know what is around the corner. For example, if he falls out with Elon Musk, and cryptocurrencies tumble in price then a potential buying opportunity may present itself if it starts climbing again.”
Goodman added: “I hope to buy when prices start rising and sell when they go down. But one thing you learn in this game is humility. You can get it spectacularly wrong. Crypto may just be a passing fad or turn out to be the new digital gold where it continues to go up like a precious metal. No one knows what is going to happen – no matter how much they might claim to be an expert.”
Other experts aren’t so skeptical about Bitcoin’s performance for the year ahead.
Petr Chromy, who is a cryptocurrency trader and IT engineer, said: “In the next four months Bitcoin could continue to rise – to perhaps as much as $200,000 [£157,000]. But if it hits $160,000 [£125,000], I will sell my entire stock of Bitcoin because I fear such a surge can only be followed by a huge fall.”
