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A Nobel Prize winner just ripped into bitcoin and said it ‘is likely to go to zero’

 

A Nobel Prize winner just ripped into bitcoin and said it 'is likely to go to zero'

Eugene FamaBy  at Business Insider

Bitcoin has been ripping higher recently, and some market participants say the digital currency is finally making a rebound with investors after a sustained fall.

The advice from one Nobel Prize winner: not so fast.

Professor Eugene Fama [to the right], who won the 2013 Nobel Prize for Economics, thinks the value of bitcoin "is likely to go to zero," at some point, according to an interview posted on CoinTelegraph.

Bitcoin prices are hovering around the $400 mark right now after making a big run-up in late October and early November.  

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