Like many other mainstream economists, Paul Krugman has long-shown a complete disdain for Bitcoin.In late 2013, he went as far as to write a piece titled “Bitcoin Is Evil” for his column in The New York Times. Moral objections to bitcoin are one thing, but Krugman also does not see much utility in the cryptoasset at all. Paul Krugman: An Enemy of The Cryptos. Krugman has already called the cryptocurrencies impractical, useless, antisocial, a bubble, a fraud and even “evil”. He has on occasion cheered approved how the price of the cryptos has decreased. Funnily, while Krugman is as anti-crypto as you can be, his arguments also make a case for Bitcoin Cash. Paul Krugman Trolls Ripple, BTC. Useless. Evil. Antisocial. Worthless. Impractical. Bubble. Fraud. Those are the kinder adjectives the preeminent US court US economist, with exclusive access to freer world leaders, has used to describe the cryptocurrency phenomenon. He’s also maniacally cheered bitcoin core (BTC) price haircuts, tacitly approving investors being wiped out and worse. More ... An ardent Bitcoin critic . Long before Bitcoin started making headlines in mainstream media, Krugman riled up the crypto community by calling BitCoin "evil" as early as in 2013.. Back in July 2018, Krugman, who's famous as one of the loudest proponents of Keynesian economics, published another anti-crypto article where he states that the price of Bitcoin could eventually go to zero. Over the years, Krugman grappled openly with conceptual aspects of Bitcoin, vacillating between considering it “evil” to later being a “cryptic skeptic.” Whatever his objections, it’s patently clear his real-world knowledge of the subject leaves a lot to be desired, especially if a rather overt spam email throws him into confusion intense enough to seek help on social media. You would hear voices howling “Bitcoin is Evil,” as pronounced by Nobel laureate economist Paul Krugman. You would also see people in jail, as is the case for some Bitcoin pioneering ... 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.
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