According to Foresight News, Kenneth Rogoff stated that geopolitical tensions and the influence of cryptocurrencies are weakening the dollar's global position. He believes that the criticism of cryptocurrencies as worthless is misguided.
Cryptocurrencies have become the preferred payment method for the global underground economy, providing a recognized medium of exchange that is difficult to control even with strict government regulation. Rogoff believes that cryptocurrencies have value, and tracking gray market transactions will face significant challenges.