In 2018, Kenneth S Rogoff, professor of economics at Harvard University and former chief economist of the International Monetary Fund, predicted Bitcoin
was more likely to be worth $ 100,000 than $ 100,000 in a decade.
In reality, the Bitcoin price increased above $ 100,000 this year, an increase of 10 times compared to the $ 10,000 level in March 2018 when Rogoff predicted the accident.
On Tuesday, with Bitcoin which oscillates about $ 113,000, Rogoff thought about how he had missed the brand, saying that he had been “far too optimistic about the United States which returns with regard to the judicious regulations of cryptocurrency”.
In an article on X, Harvard’s economist, Ken Rogoff, said he expected political decision-makers to adopt a firm position to slow down the use of cryptocurrencies in tax evasion and illegal activities. He indirectly criticized the regulatory environment as being less than prudent and allowing cryptocurrencies like BTC to flourish in a way that he did not expect.
Rogoff has underestimated the way Bitcoin would competition would competition to serve as a transaction of choice of choice in the global underground economy of 20 billions of dollars.
“This request puts a floor on its price, because I discuss my new book, your dollar, your problem at length,” said Rogoff.
He also pointed out a “blatant conflict of interest”, with regulators “holding hundreds of millions (if not billions) Dollars in cryptocurrencies apparently without consequences. “”
