Paul Krugman, Nobel laureate and economist, has been a vocal critic of Bitcoin and cryptocurrencies. He has described them as useless, inefficient, and akin to Ponzi schemes. In 2013, he titled a blog post "Bitcoin Is Evil," aligning with views that it was designed to undermine central banking and state authority. By 2017, Krugman labeled Bitcoin a bubble, suggesting its price was inflated by mystique and a lack of understanding. In 2018, he criticized Bitcoin as "a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology," highlighting its inefficiency and volatility. More recently, in 2022, Krugman compared the crypto market to a Ponzi scheme, noting that its value is sustained by the belief that others will buy in at higher prices. Overall, Krugman remains skeptical of cryptocurrencies, questioning their practical utility and long-term viability.

is there anything he hasn't been wrong about? he thinks governments and socialism are the answer

good riddance you loser