New York Times Column: Cryptocurrency Is Meaningless, Even Trump Can't Save It! Wealth Magazine Editor Writes Back
The New York Times Column Criticizes Cryptocurrency as Meaningless and a Hotbed of Crime; Wealth Editors Counter Its Biased View, Ignoring Adoption by Mainstream Financial Giants, and Express Disappointment that Media Tech Criticism Has Become a Cultural Battleground.
New York Times Column Declares Cryptocurrency "Meaningless"
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A recent column in The New York Times, authored by Ryan Cummings and Jared Bernstein, provocatively titled: "Cryptocurrency Is Meaningless, Even the White House Is Powerless," has sparked heated discussion within the crypto community.
The authors, who previously served as economic advisors to the Biden administration, question that since October 2025, the global cryptocurrency market cap has lost nearly $2 trillion in wealth. They argue that this technology is useless beyond crime and fraud, and its economic benefits are even worse.
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