Paul Krugman: Cryptocurrency Era May Be Coming to an End
In an opinion piece in New York Times, crypto skeptic Paul Krugman argued that we might be seeing the end of crypto. The article “Blockchains, What Are They Good For?” discussed the end of crypto and the uselessness of blockchain technology. In his view, blockchain technology has no point.
According to Krugman, the original argument that Bitcoin would do away with the need for trust was yet to happen. This is because banks rarely steal customers’ funds and crypto institutions are more likely to be vulnerable to temptation and extreme inflation. The Nobel laureate also argued against the idea that cryptocurrencies and blockchain technology will guarantee cheaper transactions saying this was yet to happen.
Source
https://t.me/DeFi_Ethereum
