Paul Krugman: Bitcoin Is Not Future Tech, Just Younger Than First iPhone
On February 5, 2026, Nobel laureate Paul Krugman warned in an interview with Bloomberg that cryptocurrency is facing a "Fimbulwinter." He pointed out that Bitcoin lacks fundamentals and is primarily supported by "vibes," with its practical utility limited to bypassing capital controls or illicit activities. Krugman argues that Bitcoin is not so-called "future technology," noting it is only slightly younger than the first iPhone, yet after 17 years, it has failed to become a legitimate means of payment, calling it a "failure."
Source: https://youtu.be/6uGoAaov9lU?si=-aTyzAOI5Rc7E5Y1…

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The previous Polymarket player made a staggering $106,000 in one year with 61,793 trades.

A small profit yielded $100,000.

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Daily market data review and trend analysis, produced by PANews.
1. Market Watch: Tonight at 21:30, the US Bureau of Labor Statistics will release the January non-farm payroll report and make an annual baseline revision. The market expects only 70,000 new jobs to be added in January, with the unemployment rate remaining at 4.4%. However, many economists predict that the data may be far lower than expected, even close to zero growth, and the annual revision may erase more than one million jobs. The market is betting that the Federal Reserve may cut interest rates two to three times this year. Analysts point out that if the non-farm payroll data is lower than expected, the dollar will be under pressure, and gold may have a chance to rebound. ...

Trading Moment: With the non-farm payroll data release imminent, Bitcoin is challenging the 65,000 support level. The market is likely to remain volatile in the short term.

Despite being worth hundreds of billions, his living room was still leaking after he was released from prison.