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My Enemy's Enemy: Vocal Crypto Skeptic Paul Krugman Predicts Bitcoin Will Overtake Gold

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Sat, 18/08/2018 - 8:37
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My Enemy's Enemy: Vocal Crypto Skeptic Paul Krugman Predicts Bitcoin Will Overtake Gold
Cover image via U.Today
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A prominent American economist Paul Krugman, who was one of the key speakers at ChainXchange, did not waste an opportunity to lash out at Bitcoin, claiming that mining is an inefficient technology that hinders human progress.

However, there also was a silver lining in this anti-crypto tirade– while pitting Bitcoin against gold, he actually said that the former had significantly more potential. Krugman suggests that Bitcoin might have some value in a long-term perspective, but the 2000 Nobel Prize winner is absolutely positive about gold eventually dying out as an investment.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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