If you read till the end
You can tell he used hope
He's hoping it will fail and burst because monetary theory's would have to be revised.
To him Bitcoin has no intrinsic value, I believe views here are subjective.

Not the first one to hear such negative thoughts from a Nobel laureate. In 2018, Nobel economist winner Joseph Stiglitz says cryptocurrencies should be shutdown,


So this is not the first time that we have heard Nobel prize winner criticizing Bitcoin or crypto itself. But the thing is that so far those predictions or anti-crypto sentiments makes the market stronger.

In any case, let them talk as much as they want, the market is not going to be affected by this naysayers. Perhaps they are right, however, crypto is too big to fall specially Bitcoin wherein many countries for example, are talking about it making a national reserve.

This should not be about 'hope'. The man is a failure. One of the people that make history but decided to use it to deceive people or to make name in the future. But he is not going to make any name in the future because bitcoin has intrinsic value and it will not collapse but the adoption continues. He has not been the only critic. There are many bitcoin critics in the past but they all failed in everything they said about bitcoin.

Bitcoin makes me realized that there are lies in the world from these well known people.

 These sets of individuals exist just so that Bitcoin can continue proving them wrong. I mean I will not blame Eugene of he decides to take a shade at Bitcoin since anyone who attaches themselves with the coin positively or negatively get to be talked about in one way or the other so let him have his way.
Granted he was awarded the Nobel laureate prize for his stellar impact in the economic world and is even regarded as the "father of modern finance " but that still doesn't mean he can't be wrong in some of his insinuations and saying Bitcoin has no intrinsic value and saying it's worthless just proves how shallow his knowledge about the digital coin is.
 All this people lambasting Bitcoin and claiming it as a disappointment waiting to happen usually are the ones who secretly have them in their portfolio so I'm not really going to give this guy's opinion too much thought.

he has no clue

what if i told you that the cheapest efficient method to acquire bitcoin was to mine it in the most electric cost efficient location of the planet, which currently has a planet wide base efficient acquisition cost of $60k/btc

what if i told you that the expensive, least efficient method to acquire bitcoin was to mine it in the most expensive electric cost location of the planet, which currently has a planet wide top premium acquisition cost of over $360k/btc

the market then speculates between this currently.. the possible volatility is as low as $60k and as high as $369k, should the market swing more right now
and thats its current window of volatility potential
yep if you dig deep enough the volatility is based on the fact that bitcoin has different underlying costs across the planet
some people can mine for $60k so happy to sell for $65k+ and make a profit, whilst others cant mine so cheap  so are happy to buy from the market upto $350k and feel that its discounted below $350k
this effect casues a large and broad speculative area the market can act between

as long as there are miners, there is a base/top window frame the market would swing between. and as long as mining costs dont crash, the less chance of ever seeing a sub $50k/btc again let alone $0
it would have to require an unfixable bug to stimulate enough miners to give up to cause such a crash

i will not believe the words of people who only know bitcoin from the outside. whether it's a nobel prize winner or even the richest person in the world, what they say about bitcoin that it will be worthless is just their opinion... in reality we see how bitcoin is growing and can penetrate 100k, which is a very good development-- and it doesn't just stop there, it could potentially be even more in the future with more and more countries interested in making bitcoin their reserve.

so it comes back to us, do we believe some random old guy who has an opinion about bitcoin, or do we believe in the potential of bitcoin that can develop like it is now.

Fiat brains summarized: "Bitcoin cannot work as money, because it makes you rich if you hold it, and holding money is supposed to make you poor. That's what I learned from my fiat indoctrination textbooks."

I do not see anything wrong with what he said. He is merely stating his own opinion based on the books. I expect that, that is what a Nobel Laureate who is an Economist would say. And to be fair to him, he was being straightly honest. I like the last part where he said:

And what I say to this is that, those professors of Economics should get ready to start all over with monetary theories because they are in for bitcoin to disappoint them.

No need to give this Nobel Laureate any attention, he is not the first person, and won't be the last, to predict that BTC will be doomed and become worthless, some others even called it a scam. That is what you hear when you listen to people who do not understand BTC or who are simply against it because they regret that they do not have some for themselves. However, right now people know better than to believe somethings people say about BTC.

The opinion is quite subjective, with no specifically supported facts in the article. I won't doubt his financial literacy, but it seems to me that this Nobel Prize laureate cares more about monetary theory than the rise or fall of Bitcoin. So for now, it's nothing more than just words and assumptions.