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This Harvard Economist Once Predicted That Bitcoin Had A Greater Chance Of Falling To $100 Than Hitting $100K—Here's What He Says He Missed
Bitcoin’s staying power and growth are due to regulatory failure, a rise in illicit activity and brazen corruption by the Trump administration, according to Harvard Economics Professor Kenneth Rogoff. Rogoff outlined Tuesday on X why he believes a 2018 call he made about the asset has widely missed the mark. The former chief economist at the International Monetary Fund in 2018 told CNBC that Bitcoin had a better chance of crashing to $100 than reaching $100,000. Why? He reasoned that governments around the world would crack down on the use of the asset, as in his view, its only use case was for money laundering and ... (full story)
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