"Ancient Tech" — Paul Krugman, 2022. Bitcoin prediction poster (BTC $30,416 at the time).
    “Ancient Tech” — Paul Krugman, 2022. Poster by Buttcoiners.

    “Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”

    $30,416·
    Paul Krugman

    Paul Krugman

    Nobel Prize Economist & Substack Columnist

    Bitcoin since the quote

    Then

    $30,416

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    Change

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    The context

    On , Paul Krugman (Nobel Prize Economist & Substack Columnist) made this statement while Bitcoin traded at $30,416.

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    "Ancient Tech" — Paul Krugman, 2022. Bitcoin prediction poster (BTC $30,416 at the time).
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    Paul Krugman (2022). "Ancient Tech" — Paul Krugman on Bitcoin. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/quote/ancient-tech-paul-krugman-bitcoin

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