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 Krugman is a hack. "I’m on the transitory side, although not with high certainty" - May 2021. He dismissed concerns about a housing bubble in the 2000s. Duh. Krugman keeps arguing that deficits (and consequently debt) don't matter. He opposed letting people keep more of the money they make.
And the best (most idiotic) from 1998:
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’—which states that the number of potential connections in a network is proportional to the square of the number of participants—becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
He is a good contrary indicator to what is good for the world and freedom. "Do the opposite."