Economist Kenneth Rogoff: Cryptocurrencies have value, and their growing prevalence in gray markets may weaken the dollar's status

According to reports from HashChain News, Kenneth Rogoff pointed out in an interview that due to local political tensions and the increasing growth of cryptocurrencies, their influence is undermining the global status of the dollar. Rogoff believes that those who criticize cryptocurrencies as scams with no value are mistaken. He noted that cryptocurrencies provide a recognized medium of exchange, which is a valuable proposition. Despite strict government regulations on cryptocurrencies, there will still be significant challenges in controlling the underground economy. Therefore, he emphasized that 'cryptocurrencies have value.' When tracking cryptocurrency transactions in gray markets, authorities will face enormous difficulties, indicating that cryptocurrencies 'are not worthless.'