Nobel laureate and renowned economist Paul Krugman poked fun at Bitcoin’s (CRYPTO: BTC) store of value narrative after the cryptocurrency witnessed one of its steepest drops in years. What Happened: On Monday, Krugman quoted financial journalist and Bloomberg TV host Joe Wisenthal’s Bloomberg’s Joe Weisenthal post questioning King Crypto’s long-endorsed “digital gold” thesis. “Bitcoin doesn’t look like the new gold. It looks like 3 tech stocks in a trenchcoat,” Weisental stated, underscoring the growing correlation between Bitcoin and traditional risk assets, particularly technology stocks. Ad…
