Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
"Nobel Prize winning economist Paul Krugman writes in the New York Times that cryptocurrencies will most likely be worthless due to their high transaction costs and an “absence of tethering”"
Read more: cointelegraph.com
More news sources
A total collapse in bitcoin is a real possibility, says Nobel-Prize economist Krugman
Nobel Prize-winning economist Paul Krugman said this feverish enthusiasm is ill-informed and a collapse of bitcoin is a real possibility, arguing cryptocurrencies aren’t solving any problems
Read more: www.marketwatch.com
Bitcoin is Erasing 300 Years of Monetary Evolution: Nobel Economist Paul Krugman
American economist Paul Krugman has taken another swing bitcoin, arguing that the prominent cryptocurrency, as well as its peers, represents a 300-year economic regression and will “likely” experience a “total collapse.” Writing in his regular New...
Read more: www.ccn.com
Paul Krugman Voices Crypto Skepticism in Opinion Piece
Paul Krugman reiterated his distrust of digital currencies as ill-fitting with the real world economic activity.
Read more: cryptovest.com
Paul Krugman is Wrong Again
Paul Krugman, the famed economist who’s made a career out of being wrong about things, is wrong again. That in itself is no more surprising than the fact that his latest op-ed takes aim at his favorite bête noire – bitcoin. The surprising part is tha...
Read more: news.bitcoin.com
Other hot crypto news today
- Major Swiss Online Bank Posts Soaring Profits After Offering Clients Crypto Investing
- The demise of bitcoin has been greatly exaggerated
- New Ripple-Based Decentralized Exchange Launches in San Francisco
- Ripple Taps Bill Clinton to Give Keynote at Upcoming Conference
- Former US President Bill Clinton to Give Keynote Speech at Ripple’s Fall Tech Conference
- Thailand’s Largest Movie Theater Chain Will Accept Cryptocurrency
- Thomson Reuters Is Adding 50 Crypto Assets to Finance Data Feed
- Will Blockchain Protect the World Economy from Financial Crises?
- Former Pershing Exec Jeff Horowitz Joins Coinbase as Chief Compliance Officer
Follow me @cryptonized for the latest cryptocurrency news...
Once again, an opinion leader from the past put critics on cryptos and predicts a "collapse". This comes always after short-period good-news about cryptos. Couldn't hear a word during the past bearish months!