Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is Still Economically Useless = Economist
by
avikz
on 31/07/2024, 06:04:56 UTC
This guy may have made sense, though I suspect he's a Democrat. Apart from early holders making a killing off Bitcoin, how has it benefitted the world economy? Your opinion though...

Nobel Prize-winning economist Paul Krugman said that Tech-bro's support for Trump and Vance seems to be related to cryptocurrency/ He said that in reality. Bitcoin is still economically useless and useful just for money laundering and extortion. He described Trump's call for the creation of some kind of national Bitcoin reserve as equivalent to the government rescuing a scandal-ridden, value- and environment-destroying industry.

https://www.nytimes.com/2024/07/29/opinion/vance-trump-cryptocurrency.html 

It's a personal opinion and every individual can have a personal opinion on everything under the sun. I don't see any issue here. Bitcoin has a long list of influential haters. That includes people like Warren Buffet, Jemie Dimon, Almost all Democrat senators in US etc. It's just one addition to that list. It has no impact on Bitcoin whatsoever.

But one thing I agree about Trump. He is seeing that Bitcoiners in US need support due to the actions from various enforcement agencies and ongoing harassments. So Trump is very cleverly targeting this community and promising to become their support system. It is true that Trump will eventually win this election. The chance is very promising after the attack on him. But never trust a politician unless you see some actions in reality. Take a cautious approach in proclaiming yourself as an ardent Bitcoin supporter in US. Might not go well with the enforcement agencies in case Trump looses the election.