Nobel Prize-Winning Economist Says Bitcoin May Fade Away

Bitcoin has become a household name across nations, but the future of the world's leading cryptocurrency remains uncertain.

Robert Shiller, Yale Professor and 2013 Nobel Prize Winner, told CNBC that bitcoin might not exist in 100 years.

Despite extreme price volatility and undefined regulation, Bitcoin has introduced a new era of decentralized applications and initial coin offerings that are disrupting industries across the board.

According to CNBC, Rober Shiller - Nobel Prize-Winning Economist - believes that bitcoin will cease to exist by the year 2118.

"Bitcoin won't look anything like it is today. It will have a different name, if it exists There will have been many hard forks changing it and changing it. And, it'll be a matter of dispute whether it exists or not."

"It looks like a bubble The one scenario is that something like what happened after 2013 when bitcoin topped $1,000, and then lost 80 percent of its value. It looked like bitcoin was just fading away."

"It's so hard to predict these things."

After reaching its peak at about $20,000 USD in December 2017, bitcoin has fallen by 63%. However, the leading cryptocurrency by market cap is still up 233% over the past 12 months.

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