Economist Paul Krugman criticizes Republican support for cryptocurrencies, calling Bitcoin economically useless and a tool for money laundering and extortion. He questions the pro-crypto stance of figures like JD Vance and Donald Trump, highlighting their shift in views and dismissing the idea of Bitcoin as a hedge against inflation. Democrats, on the other hand, are urged to embrace digital assets and blockchain technology to secure support from the crypto industry.
Bitcoin Is ‘Economically Useless’ Says Paul Krugman in Slamming Trump, Vance
Jul 31, 2024