⸺ Obituary · January 30, 2025 ⸺
“Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero”
— Chicago Booth Review, Eugene Fama
“Cryptocurrencies are such a puzzle because they violate all the rules of a medium of exchange. They don’t have a stable real value. You know, they have highly variable real value. That kind of medium of exchange is not supposed to survive.”
Price at death
$104,735
Today
$73,405
Decline
-30%
On 2025-01-30, Eugene Fama (Economist) declared Bitcoin dead via Chicago Booth Review. Bitcoin was trading at ~$104,735 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 30, 2025, when one Bitcoin traded for approximately $104,735. Bitcoin remains below its price on the day of this declaration — for now.