- Paul Krugman has been a scathing critic of bitcoin and other cryptocurrencies for at least a decade.
- The Nobel Prize-winning economist has called them pointless, wasteful, and virtually worthless.
- Krugman has also dismissed crypto as mostly a tool for criminals, and in large part a Ponzi scheme.
Paul Krugman has repeatedly criticized bitcoin and other cryptocurrencies, dismissing them as useless, wasteful, niche, and only valuable due to hype and speculation.
Over the years, the Nobel Prize-winning economist and New York Times columnist has slammed the crypto industry for enabling criminals, complicating transactions, preying on vulnerable people, and operating as a pyramid scheme.
