Yanis Varoufakis recently called crypto currencies “oligarchic” which is very fitting. Quote:

“I do not believe that the… ‘oligarchic,’ by definition, cryptocurrency like Bitcoin is ever going to replace [conventional currency]. It shouldn’t, it can’t, and it would be a nightmare if it did.”

Full interview in which he also discusses his proposal for cryptocurrencies run by central banks and why that’s (according to him) the way to go: https://www.kitco.com/news/2022-05-27/Gold-and-Bitcoin-won-t...