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 A 71-year-old economist who won the Nobel Prize in 2008 because of his work on economic geography and global trade patterns shouldn't be taken seriously. The field of economics is broad and dynamic, and an individual, no matter how intelligent he is, cannot understand all its intricacies. Maybe he does not know about cryptocurrencies, and instead of learning, he chooses to throw shades.
This attack might also have a political undertone since Paul Krugman is a well-known critic of the Republican party. He once called it the "party of the stupid". He is still in the dark and might be disappointed by the steady growth of Bitcoin's popularity. Let him check the statistics of the currency that is highly used by criminals and his perspective will change.