"Why This Nobel Economist Thinks Bitcoin Is Going to Zero, with Eugene Fama"
February 03, 2025
When Professor Fama is asked what his probability estimate of Bitcoin going to zero in the next ten years is, he replies "Close to one."
But when he asked how much confidence has in that estimate, he smiles, laughs, and says "So the distribution is long because the long tail is very flat".
Full interview (with transcript).