Paul Krugman is a very smart man who won a big prize for understanding money and how it works. He doesn't think Bitcoin is a good way to use money. He thinks it's only useful for bad things like stealing and hiding money from the government. He also thinks it's silly that Donald Trump changed his mind about Bitcoin and now likes it. Krugman is worried that the government might try to help Bitcoin, even though he thinks it's not good for anyone. Read from source...

1. Krugman is a critic of Bitcoin and cryptocurrencies, so his opinion is biased.
2. Krugman uses a 2022 report to illustrate cryptocurrencies' low penetration into mainstream financial markets, but this doesn't prove that cryptocurrencies are economically useless.
3. Krugman claims that cryptocurrencies aid money laundering and extortion, but he doesn't provide any evidence to support this claim.
4. Krugman questions Trump's support for cryptocurrencies, but he doesn't explain why Trump's support is problematic or harmful.
5. Krugman's comparison of cryptocurrencies to the "scandal-ridden, value and environment-destroying" industry is a false analogy and an emotional appeal, not a logical argument.

Negative

Summary:
Paul Krugman, a Nobel laureate economist, criticizes Bitcoin as "economically useless" and questions Trump's support for cryptocurrencies. He calls Trump's advocacy for a national Bitcoin stockpile a "government bailout" of a scandal-ridden, value, and environment-destroying industry.

how the market is reacting to Trump's support for cryptocurrencies, including Bitcoin, Ethereum, and other major altcoins. How to profit from this trend, and what to watch out for.