A Nobel Prize winner in Economics sets an imminent deadline for the trending cryptocurrency in Spain: its downfall is just around the corner

The world of cryptocurrencies has undergone a major transformation since May 2010, when what is considered the first-ever bitcoin transaction took place. This is the most well-known cryptocurrency, and at that time, a young man from Jacksonville (Florida) named Laszlo Hanyecz paid for two Papa John's pizzas with 10,000 BTC.

Today, that amount would be worth around one billion dollars, making those the most expensive pizzas ever bought. In recent months, the value of bitcoin has experienced a sharp rise, reaching $100,000 in December. The victory of Donald Trump in the U.S. elections was a key turning point.

Since it was confirmed that he would return to the White House, this cryptocurrency has continued to grow, with a rise of more than 50% on December 5th. Those who own some of these coins are now wealthy, but the reality is that the cryptocurrency market is highly volatile and constantly changing, making the investment risky... there could come a point when it loses all its value. This is not our opinion, but that of the 2013 Nobel Prize in Economics.

What goes up, must come down The total market value of bitcoin is around 2 trillion dollars, but the renowned American economist Eugene Fama predicts that it will soon suffer a drastic collapse, approaching zero. While it experiences rapid rises, its declines can be just as abrupt.

Fama expressed this on the University of Chicago's Capitalisn't podcast on January 30th. "They don't have stable real value. They have a very volatile real value. That type of transaction medium will not survive," he stated categorically, convinced that in the next decade, bitcoin will no longer have a market price. According to him, it is almost certain that we will see its disappearance within that time frame.