Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse

in #crypto6 years ago

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

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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!