Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is Still Economically Useless = Economist
by
ultrloa
on 31/07/2024, 23:31:17 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 

Somehow people believe on things they know and ignore then talk about shit on something they don't know so don't expect on those people to say good about bitcoin since for sure they always believe on fiat.

But we should not get stressed or take those word seriously since even they don't like bitcoin still this coin earned success without their support. We see the global reach became more higher then there's a chance for bitcoin to became well adopted to more countries in the world.

Right now we see how fast the growth accumulated by bitcoin and provably we can see more for this coin especially that lots of people are showing some great interest for its profitability also the technology.