Remember what was said is.....

The persistence of Bitcoin poses a challenge to established economic principles. "I'm hoping it will bust" Fama said, "because if it doesn't, you have to start all over with monetary theory". He suggested that if Bitcoin maintains its value long term, consists would need to fundamentally rethink their understanding of money and markets.

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Discussion

The denial is strong in this one! 😂

“I think it’s going to zero because if it doesn’t, I’ll look like an idiot”

Bro is also 85, and in 10 years he'll either be dead and not around to be called on it or at 95 no one will bother you anyway. Safe call no?

I bet if Hayek was alive he would strongly disagree with Fama.