[Nobel Prize Winner Krugman: "BTC a Failure... Facing Industry End"] Paul Krugman, a professor at the City University of New York and Nobel Prize winner in economics, said in a Bloomberg interview that cryptocurrencies are facing the Fimbulwinter, a harsh winter described in Norse mythology as the end of the world and the end of all life on Earth. According to WooBlockchain, he emphasized, "Bitcoin is largely driven by sentiment. It lacks fundamentals. Its practical use is limited to sanctions evasion and illicit activities." He added, "Bitcoin is not a so-called future technology. It's a technology slightly younger than the first iPhone. It's simply a failure that hasn't yet established itself as a legitimate means of payment, even after 17 years."