诺贝尔奖获得者尤金·法玛（Eugene Fama）预测比特币将变得毫无价值

人们一直怀疑比特币，但是​​当一位诺贝尔奖获奖经济学家表示最终会失败时，许多人关注。

Nobel Prize-winning economist Eugene Fama has predicted that Bitcoin will eventually fail and become worthless.

诺贝尔奖获奖的经济学家尤金·法玛（Eugene Fama）预测，比特币最终将失败并变得毫无价值。

In an interview with ProMarket, Fama discussed the weaknesses of Bitcoin and explained why he doesn’t believe it will succeed in the long run.

Fama在接受Promarket的采访中讨论了比特币的弱点，并解释了为什么他不相信这将在长远来看会成功。

“Bitcoin is a currency, and for a currency to work well, it has to be stable. Bitcoin changes in value a lot, making it hard for companies to accept it as payment. It’s also not clear how well Bitcoin will work for buying and selling things. Finally, Bitcoin isn’t backed by a central authority. Unlike fiat currencies, which governments support, Bitcoin derives value purely from market speculation and demand. If the demand disappears, the price goes to zero.”

“比特币是一种货币，要使一种货币运行良好，必须稳定。比特币的价值变化很多，使公司很难接受它作为付款。目前尚不清楚比特币在买卖物品方面的工作状况。最后，比特币不是中央当局的支持。与政府支持的法定货币不同，比特币纯粹源于市场投机和需求。如果需求消失，价格将为零。”

However, critics of Fama’s argument have pointed out that Bitcoin isn’t just trying to be a currency—it’s evolving into something else. Many see it as digital gold, a store of value immune to inflation and government control.

但是，对FAMA论点的批评者指出，比特币不仅试图成为一种货币，还可以发展成为其他事情。许多人将其视为数字黄金，这是一种价值不受通货膨胀和政府控制的价值的存储。

Unlike traditional currencies, Bitcoin has a fixed supply of 21 million coins, making it scarce and potentially deflationary. In that sense, Bitcoin’s volatility could be a feature rather than a flaw.

与传统货币不同，比特币的固定供应2100万枚硬币，使其稀缺且潜在地位。从这个意义上讲，比特币的波动可能是一个功能，而不是缺陷。

Gold isn’t used in everyday transactions, yet it holds immense value due to its scarcity and historical trust. If Bitcoin follows a similar trajectory, it may never be widely used for payments—but that doesn’t mean it’s worthless.

黄金在日常交易中不使用，但由于其稀缺和历史信任，它具有巨大的价值。如果比特币遵循类似的轨迹，它可能永远不会被广泛用于付款，但这并不意味着它一文不值。

To understand Fama's perspective better, let's explore his main concerns regarding Bitcoin:

为了更好地了解Fama的观点，让我们探索他对比特币的主要关注点：

1. Unpredictability: According to Fama, Bitcoin's value is inherently unstable, making it unsuitable for a currency. He believes a stable currency is crucial for businesses to accept it as a payment method.

1。不可预测性：根据FAMA的说法，比特币的价值本质上不稳定，使其不适合货币。他认为，稳定的货币对于企业接受作为付款方式至关重要。

Moreover, Bitcoin's unpredictable nature poses challenges in using it as a medium of exchange.

此外，比特币的不可预测的性质在将其用作交换媒介方面构成了挑战。

2. Lack of Intrinsic Value: Unlike fiat currencies backed by governments or central banks, Bitcoin's value stems solely from market speculation and demand.

2。缺乏内在价值：与政府或中央银行支持的法定货币不同，比特币的价值仅源于市场投机和需求。

As Fama puts it, if the demand for Bitcoin vanishes, so will its price, ultimately rendering it worthless.

正如Fama所说，如果比特币的需求消失了，其价格也会消失，最终使它毫无价值。

Despite Fama's concerns, many Bitcoin enthusiasts and crypto experts believe his analysis is incomplete and overlooks essential aspects of Bitcoin's nature and evolution.

尽管人们担心Fama，但许多比特币爱好者和加密专家认为他的分析是不完整的，并且忽略了比特币的性质和进化的基本方面。

Here are some counterarguments to Fama's critiques:

以下是Fama批评的一些反驳：

1. Store of Value Potential: Critics highlight that Bitcoin's value extends beyond its function as a currency. Many view it as a digital store of value, like gold, that is inherently resistant to inflation and government manipulation.

1。价值的存储潜力：批评者强调，比特币的价值超出了其作为货币的功能。许多人将其视为一种价值的数字存储，例如黄金，它本质上抵抗通货膨胀和政府操纵。

Unlike traditional currencies, Bitcoin has a finite supply of 21 million coins, potentially making it deflationary. In this context, Bitcoin's volatility could be viewed as a feature rather than a flaw.

与传统货币不同，比特币的供应有限2100万个硬币，有可能使其放置。在这种情况下，比特币的波动率可以视为一种功能而不是缺陷。

2. Historical Resilience: Proponents of Bitcoin also point to its remarkable resilience throughout its history. Despite multiple crashes, regulatory challenges, and criticisms from financial heavyweights, Bitcoin has managed to bounce back each time, leaving skeptics questioning its true demise.

2。历史韧性：比特币的支持者也表明其在整个历史中的出色韧性。尽管发生了多次崩溃，监管挑战和金融重量级人物的批评，但比特币还是每次都设法反弹，使怀疑论者质疑其真正的灭亡。