... He pointed out the lack of practical uses for bitcoin, questioned how tokens are superior to conventional means of payment, and underlined crypto's popularity among fraudsters and money launderers.
The Nobel laureate noted that, just like during the housing boom, it seems ridiculous to question an asset class that has become so valuable and attracted so many influential promoters. It sounds absurd to suggest crypto is "a house built not on sand, but on nothing at all," he continued. ...