I recently came across an interview with Professor Fama:
While he is not discussing crypto and Bitcoin as a separate asset class at all and the interview is based entirely on prices of equities and bonds, I find it interesting that the interviewer has singled out the following messages:
1.Inflation is Totally Out of the Control of Central Banks and
2. He [Eugene Fama] warns that investors could stop perceiving government bonds as risk-free.
Here comes my favorite quality of Bitcoin and its deflationary nature. It should be portion of every investors portfolio and I am counting on it being the closest thing to hedge against prolific central bank activity and their push to create money supply through monetizing government debt. Even if this creates a "bubble" in BTC price, I hope in the context of Fama's statements that this is not a bubble, but the reflection of reality.
I continue to HODL some BTC and continue to wait for further price action in positive direction.