Nobel Prize-winning economist Paul Krugman is confident bitcoin and Ethereum, the world’s two biggest digital currencies by market cap, aren’t going to last much longer and are headed for points of no return. Paul Krugman Thinks BTC Is Done A lot has happened in the crypto arena in just the last few months. For one thing, the fall of crypto exchange FTX has sent ripples throughout the space that have seemingly caused a lot of other exchanges and blockchain-based companies to feel the heat. Aside from this, the prices of many digital currencies are struggling to maintain their present levels,
Nobel Prize-winning economist Paul Krugman sees parallels between the crypto market and the subprime mortgage crash. “There’s growing evidence that the risks of crypto are falling disproportionately... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author: coinmaker
Paul Krugman is for it. “Money is a social contrivance,” he said back in 2013, just months before calling bitcoin “evil” for being a social contrivance according to him. The Modern Monetary Theorists are for it. They want to add minting to the government’s power to tax and borrow. The…