NYT opinion columnist Paul Krugman called cryptocurrencies a 'scam' and compared it to the 2008 housing bubble in an op-ed Monday.
‘Coin Stories’ podcast host Natalie Brunell shares her thoughts on the current state of Bitcoin on ‘Tucker Carlson Tonight.’columnist Paul Krugman labeled cryptocurrencies a ‘scam’ in an op-ed published Monday. The piece, titled"From the Big Short to the Big Scam," compared cryptocurrencies to the 2008 housing bubble that contributed to the Great Recession.
"Even though there was clear evidence that housing prices were out of line, it was hard to believe they could be"It just didn’t seem plausible that markets, and the conventional wisdom saying that markets were OK, could be that wrong," Krugman recalled."But they were. Which brings us to the current state of crypto.
"They also ask why, if crypto is the future, Bitcoin — which was introduced in 2009 — has yet to find any significant real-world uses," he continued and wondered if there are"legitimate applications" of crypto besides illicit activities.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pokemon Journeys Promo Teases Ash's Big Reunion Battle With PaulPokemonJourneys is getting ready for Ash's big reunion with Paul with the promo for its next episode:
Read more »
Paul Haggis vs. the Church of ScientologyFor nearly 35 years, Paul Haggis worked his way to the top of Scientology's studies. Revisit Lawrence Wright's profile, from 2011, about how his ultimate resignation was viewed as a “treasonous act.”
Read more »
‘American Gigolo’ Director Paul Schrader on Showtime Series Adaptation: ‘I Don’t Plan to Watch’Although Showtime is pulling from his groundbreaking 1980 drama for its upcoming series, Paul Schrader has no interest in tuning into the network’s upcoming “American Gigolo” adap…
Read more »
Alyssa's Law, calling for silent panic alarms in schools, passes New York state AssemblySchool districts would be required to consider installing silent panic alarms in classrooms.
Read more »
Brooks: Gun Control Has an 'Underwhelming' Impact on Violence and CrimeOn Friday's 'PBS NewsHour,' New York Times columnist David Brooks stated that regulations on firearms such as assault weapons bans and other kinds of | Clips
Read more »