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Nobel Laureate Paul Krugman Just Dropped a Scathing Truth Bomb on the Entire Bitcoin Empire and Trump Is Fuming

An illustration: A cartoonish image depicting Paul Krugman standing on top of a mountain with an American flag in one hand. In front of him is Donald Trump holding a small bag labeled "Bitcoin" while being pulled down by the weight of it. The background shows Bitcoin logos and money laundering symbols, as well as Peter Thiel's Founders Fund logo. A group of people are shown at the bottom looking up to Krugman with worried expressions on their faces.

Cryptocurrency has finally sunk its claws into mainstream politics! Who would have thought that an “economically useless” product like Bitcoin could find such strong support from politicians? It’s almost as if they’re trying to make us forget the countless times it failed spectacularly. Paul Krugman, a Nobel laureate and one of the few sane voices in this crypto madness, has spoken out against Trump’s backing for bitcoin. And let me tell you, he doesn’t mince words! He calls it “economically useless” and points to its limited use cases (money laundering and extortion being two notable exceptions). Krugman also highlights how tech billionaires like Peter Thiel are using their influence to push crypto-friendly legislation through the Republican Party. It’s a classic case of corporate interests masquerading as populism, folks! So, stay tuned for more

Source: bitcoin.com

Nobel laureate Paul Krugman claims that bitcoin has remained “economically useless.” He criticized the support bitcoin and crypto have from former U.S. President Donald Trump and the Republican Party. Moreover, he stressed: “Tech-bro support for Trump and Vance also seems to have a lot to do with one specific issue: cryptocurrency.” Nobel laureate Paul Krugman expressed deep skepticism about bitcoin and cryptocurrency, emphasizing their growing influence in American politics, in […]

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