Paul Krugman Criticizes Trump and Vance for Supporting Bitcoin as Economically Unnecessary
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**Economically Unnecessary: Paul Krugman Criticizes Trump and Vance for Supporting Bitcoin**
Nobel laureate economist Paul Krugman has recently taken aim at former President Donald Trump and Ohio Senate candidate J.D. Vance for their endorsements of Bitcoin ($BTC). Krugman, known for his skepticism towards cryptocurrencies, labeled their support for the digital asset as economically unnecessary and misguided.
In a recent op-ed, Krugman argued that Bitcoin lacks intrinsic value and dismissed its utility as a currency or investment. He criticized the political leaders for promoting what he sees as a speculative asset, drawing attention to the risks involved for their followers.
Krugman’s comments have sparked a debate within the cryptocurrency community, highlighting the ongoing divide between traditional economists and crypto enthusiasts. While some view Bitcoin as a revolutionary financial technology, others, like Krugman, remain unconvinced of its long-term viability.
As the discussion continues, the public remains divided on whether Bitcoin represents a future of financial innovation or a risky bubble.