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The detractors of cryptocurrencies have found in their recent fall and debacle due to the drop in their values, the best scenario to exemplify their rejection of this type of digital currency.
And it is that during the so-called crypto winter, there have been many cryptocurrency businesses that have paused or closed their platforms, leaving their clients or investors in a kind of abandonment, the latest example being that of the cryptocurrency loan company Celsius Network, which filed for bankruptcy.
You can read: Celsius Network, a company that makes cryptocurrency loans, declares bankruptcy and 1.7 million customers are affected
Among the great mass of these detractors, who are common Internet users or initiates in economics, there are also specialists in this field such as the Nobel Prize in Economics in 2008 Paul Krugman, who indicated that cryptocurrencies have become a ” postmodern pyramid scheme”.
Statements he delivered in an opinion column for The New York Times, also assuring that the fall of cryptocurrencies is a great opportunity to regulate them. Phrases that reinforce what he had already said before, when he described cryptocurrencies as the “new subprime”, alluding to the 2008 financial crisis.
For those who do not know, a pyramid scam refers to certain businesses that, based on a deception, the participants themselves must create a network that grows in the form of a pyramid, causing the new ones to generate large (and the only) profits for the original participants. The best example is the sketch from the series The Office that we alluded to on the cover of this article.
The Nobel Prize in Economics, Paul Krugman
The economist indicated that in any case, his idea of starting a deep regulation of cryptocurrencies is not a cry of alarm for the recent fall, since although he recognizes that this market continued to grow, it was not yet a sector large enough to damage the system. existing financial.
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