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Paul Krugman Says Bitcoin Resembles Subprime Mortgages. Is He Right?

Krugman insinuates that many of the people buying in aren't sophisticated or wealthy enough to make their own investment decisions.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Paul Krugman Says Bitcoin Resembles Subprime Mortgages. Is He Right?
Krugman insinuates that many of the people buying in aren't sophisticated or wealthy enough to make their own investment decisions.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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