Wu Blockchain (@WuBlockchain): Paul Krugman: Bitcoin's $125,000 rally depended on Trump's election
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Paul Krugman: Bitcoin's $125,000 rally depended on Trump's election On Feb 5, 2026, interview with Bloomberg, Nobel laureate Paul Krugman stated that without the "crypto-friendly White House" hype following Trump’s election, Bitcoin would likely not have hit $125,000. He argued that while the "sell America" trade should benefit Bitcoin, actual gold remains the preferred choice during instability; he stressed Bitcoin lacks fundamentals and faces a "crisis of faith." Previously, Krugman has frequently criticized Bitcoin as a "Ponzi scheme" with minimal role in real economic activity and links to illicit use, views that remain highly controversial. Source: https://youtu.be/6uGoAaov9lU?si=-aTyzAOI5Rc7E5Y1