Paul Krugman: Bitcoin Is Evil

Paul Krugman, the Nobel Prize-winning economist and New York Times editorial contributor, recently lashed out in a blog post at Bitcoin and other cryptocurrencies for failing to qualify as a currency.

According to the post on Krugman’s “Conscience of a Liberal” blog, the economist said the libertarian-leaning agenda guiding many of Bitcoin’s supporters and its rollercoaster-like valuation history make it a tough sell as a new currency.

”So far, almost all of the Bitcoin discussion has been positive economics — can this actually work? And I have to say that I’m still deeply unconvinced,” Krugman wrote.
Krugman isn’t the only one to point out Bitcoin’s bubble-like trajectory. Read the latest edition of the PYMNTS Bitcoin Bubble Tracker by clicking here.

"What's Hot" is aggregated content. claims no responsibility for the accuracy of the content published by the original source.

Click to comment