Crypto Has Parallels With Subprime Mortgage Crisis, Says Paul Krugman

Longtime crypto skeptic and Nobel Prize-winning economist Paul Krugman said in an opinion piece for The New York Times Thursday he sees “uncomfortable parallels” between crypto and the subprime mortgage crisis of the 2000s. However, Krugman conceded that due to the size of the market, crypto is not as likely to cause a wider economic crisis.