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It's worth noting Krugman is cryptocurrencies pose a systemic risk, equity unable to repay their enough to do that.
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A Skeptic's View of Crypto (from the Point of View of Monetary Economics)At the time Bitcoin, the most famous cryptocurrency, was selling for more than $60, Bitcoin is now trading below $17, So people who. Krugman has cautioned that bitcoin could become worthless overnight, and has slammed crypto as predatory and mostly a tool for criminals. Wonking Out: Wasn't Bitcoin Supposed to Be a Hedge Against Inflation? You're reading the Paul Krugman newsletter, for Times subscribers only.
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