"Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero"

Published in Chicago Booth on 2025-01-30, "Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero" declared Bitcoin dead or fundamentally doomed. The piece argued Bitcoin was heading to zero, citing the absence of intrinsic value and the impossibility of sustaining its price without underlying fundamentals. Bitcoin was trading at $104,735 at the time of publication. Bitcoin surged past $100,000 amid growing sovereign and institutional adoption.