Paul Krugman. REUTERS/Brendan McDermid
Economist Paul Krugman compared the cryptocurrency boom to the mid-2000s housing bubble.
Crypto has become so valuable and popular that people wrongly assume it's worth something, he said.
The Nobel laureate warned investors have "gone from the Big Short to the Big Scam."
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Paul Krugman compared the cryptocurrency craze to the mid-2000s housing bubble in a recent New York Times column. He warned the hype around digital coins resembled people's unwavering faith in the US housing market before it tanked, sparking a global financial crisis.
Only a handful of investors — including Michael Burry of "The Big Short" fame and John Paulson — recognized that house...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...