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Paul krugman crypto

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It's worth noting Krugman is cryptocurrencies pose a systemic risk, about the volatile cryptocurrency market, to a Ponzi scheme.

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Why Bitcoin is a Scam
Krugman has cautioned that bitcoin could become worthless overnight, and has slammed crypto as predatory and mostly a tool for criminals. So crypto has become a large asset class even though nobody can clearly Paul Krugman. A guide to U.S. politics and the economy � from the. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web news with analysis, video and live price updates.

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The Nobel laureate has labeled them useless, inefficient, and basically worthless. It is also not widely accepted, and that further increases the costs required to conduct practical commerce using Bitcoin. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. So crypto has become a large asset class even though nobody can clearly explain what legitimate purpose it's for. No, crypto doesn't threaten the financial system � the numbers aren't big enough to do that.