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 Does it surprise you? Because I am not surprised at all, modern economists have forgotten completely the role that gold had and that it can still play on the current economy, so it is obvious that when they take a look at bitcoin which is an even better form of gold, they are not really going to appreciate it and instead they will attack it, as it has happened here, however a form of money that offers the ability to buy goods all over the world with it, with an improved level of privacy and that it can retain its value way better that fiat does is without a doubt valuable for a great deal of the population.