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 The most interesting part of the comment is "Bitcoin is still economically useless and useful just for money laundering and extortion", tell me the regularly used fiat isn't used for the same too. Is it therefore necessary to put away the use of fiat simply because of the negative uses it's involved in?
People often give negative views on the use of crypto generally but in no distant time we get them changing their stance and apologizing, this wouldn't be any different, I am patiently waiting for him to do the same.