The future of Bitcoin is increasingly becoming a subject of debate and now Nobel laureate economist Eugene F. has made a surprising prediction. According to him, Bitcoin could become completely worthless within the next 10 years. believes that without any practical utility Bitcoin will eventually fade into oblivion.

Recently the price of Bitcoin dropped by 9% and analysts speculate that the influence of U.S. President Donald Trump’s pro crypto stance has yet to fully reflect in the market. As a result some are hopeful that Bitcoin’s value might rise further in the future. However Eugene prediction suggests that the market value of Bitcoin could fall to zero within a decade.

who won the Nobel Prize in Economics in 2013 recently stated in a podcast that cryptocurrency is like a puzzle, as it contradicts fundamental principles of conventional economics. According to him for any currency to survive in the long term its value must remain stable. However Bitcoin’s price volatility makes it an unacceptable medium for effective exchange. He warns that a currency with such erratic price fluctuations cannot possibly endure in the long run.

Moreover adds that if volatile and risky assets like Bitcoin are allowed to integrate into the mainstream financial system they could pose significant risks to the economy. He states I hope it collapses. Because if it we will need to rebuild our entire economic theory.

Meanwhile market analysts suggest that Bitcoin’s future will largely depend on the U.S. government’s stance and regulatory decisions. During his first term as president Donald Trump described cryptocurrencies as worthless and imaginary. However after his re election he launched his own cryptocurrency which has a market value that currently exceeds 50 billion dollars.

Amid these challenges and contradictory positions Bitcoin’s future remains uncertain. Nevertheless the cryptocurrency is creating new challenges for the global economic system and its long term viability is still very much in question.