Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Rakin343 on September 13, 2022, 04:19:56 AM
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American economist and 2013 Nobel laureate in Economic Sciences Eugene Fama says that he sees only one instance where Bitcoin (BTC) could have intrinsic value.
In a new interview on Kitco News, Fama, who some consider the father of modern finance says that Bitcoin may be of value if it is used as money.
However, he says the volatile nature of the top crypto asset by market cap also diminishes its viability as a medium of exchange.
“If people use it as a medium of exchange – in other words, they actually conduct transactions in it – then it could have value because then, it is a type of money, it’s a unit of accounts. It’s just a word that we can give value to because it’s usually in transactions and it’s limited in supply so in that case, it can have value. source (https://cryptonews.net/12352857/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)