Nobel Laureate Paul Krugman Likens Crypto Market to Subprime Mortgage Crash — Warns Regulators Are Making the Same Mistake – Featured Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Nobel Prize-winning economist Paul Krugman sees parallels between the crypto market and the subprime mortgage crash.

“There’s growing evidence that the risks of crypto are falling disproportionately on people who don’t know what they are getting into and are poorly positioned to handle the downside,” he stressed.Nobel laureate Paul Krugman warned about cryptocurrency investing in an opinion piece he authored in the New York Times, published Thursday.

Nonetheless, the economist warned that “There are disturbing echoes of the subprime crash 15 years ago,” elaborating: While NORC says that “cryptocurrencies are opening up investing opportunities for more diverse investors,” Krugman pointed out that “subprime mortgage lending was similarly celebrated … it was hailed as a way to open up the benefits of homeownership to previously excluded groups.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Control your financial destiny on the CassavaNetwork wallet. blockchain cryptocurrencies eth CSV

ArivaCoin will soon become the currency of tourism. Save ArivaCoin so you do not miss the trip. Even for travel to the moon and Mars🤩🚀🤩🚀🤩

babydogecoin babydog_news cryptocurrency HOLD babtdoge Bitcoin Ethereum BabyDogeArmy babydog_news

babydogecoin babydog_news cryptocurrency HOLD babtdoge Bitcoin Ethereum BabyDogeArmy babydog_news

So noone new about stocks before and what we see?

Bitcoin is an economic entity where the supply is unaffected by the demand. Bitcoin will continue to win. Thanks to Crypta0 he knows his stuff when it come to Bitcoin, his tweets, tips & predictions have been helpful so far, thanks for taking your time to educate us all.

To be honest, cryptocurrency poses less risk for me now. I don't want to keep fiat anymore because the cryptocurrency industry has soared to astronomical heights.

safemoon

Just goes to show you how easy it is to be a 'Nobel Laureate.' If his 'economic genius' was 100% accurate, he wouldn't be spending time bashing price action on an entire industry that is seeking to create a means of technological self sovereignty. Over-priced it is though

I’d rather have a volatile appreciating asset like Bitcoin than a stable depreciating asset. You guys should Follow Henryclocck he knows his stuff when it comes to BTC & other Cryptos, his tweets and prediction have been really helpful, go check him out.

Look at any stocks with medium and low market caps, they have exactly the same fluctuations.

well, he predicted perfectly in 98' that the internet growth wil slow drastically and by 2005 it will become clear that fax internet. nailed it.

Now do real estate Paul

'He cited a survey by the research organization NORC, stating that 44% of crypto investors are nonwhite and 55% don’t have a college degree.' He's upset that people other than affluent white people are benefiting? Not a great look.

IDIOT

The real problem is the troubled assets in the power grid! 😲

$Azero killer of $Sol and $Eth who miss the train 🚂 this last invitation for a better train

It sounds stupid.

Why is this guy still relevant?

😴 Boring.

Well, he is wrong. I'm pretty sure that my finex portfolio will be fine.

Regardless of the dips, I know and still feel crypto got to be the best thing that has happened to the financial market in recent times. It continues to open room for Web 3:0, bulk gains whether in holding or most importantly trading, looking closely at ETH, 👇

nobel made a serious mistake granting this man a prize. My home-ec teacher's somehow more deserving of one.

bc1qkvf28kz65qc0zcpvtv0tl7k03wwvuw9r8ghphy

Is he not going to mention that there is a VAST difference in losing your crypto investment, which may only be a couple hundred dollars and being stuck with a mortgage you can’t pay

OK, everybody just stick with stocks where nobody can lose any money.

Boomers trying to swing against the digital river current. Old mindset looking to keep the harmful status quo.

Check out my profile It’s might change your financial status:

I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Following rachelwolfson_ tweets, posts, tips and predictions I have added massively to my hold

He should stick to biking

I've never seen someone as perfect as rachelwolfson_ she knows how to analyse trade, and with his strategies he earned me so much profit. I made $15,000 in 10 days of working with him rachelwolfson_

That’s it. It’s a wrap.

does anyone have the text version of this?

Another Bitcoin volatility index is ready for another massive move. The next week could be the start of a new price trend. Keep your eyes on it. Bitcoin maxime_josh is a super underrated bitcoiner I’ve been taking his tweets and tips & I’ve been doing great. Follow him

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines