"In addition to facilitating crime, Bitcoin has increasingly become an engine of predation. Crypto — or, worse, shares in companies that buy crypto with borrowed money — is heavily sold to naïve investors who don’t realize what they’re getting into. They do well when Bitcoin’s price is rising, but many probably don’t understand how badly they can suffer when it falls."

~ Paul Krugman

#crypto #Bitcoin #Trump #crime #market #cryptocurrency
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https://paulkrugman.substack.com/p/the-trump-trade-is-unraveling