Harvard economist admits he was wrong about Bitcoin crashing to $100

Kenneth Rogoff, who previously predicted Bitcoin would fall to 100 USD, admits his prediction was flawed. He reflects on Bitcoin’s unprecedented growth, now exceeding 100,000 USD, while recognizing its emerging role in the global underground economy.

Despite revisiting his views on Bitcoin’s impact, Rogoff still maintains skepticism regarding cryptocurrencies. He highlights regulatory miscalculations and an underestimation of Bitcoin’s competitive position against fiat currencies.