NOW 2025 HARVARD BUYS $116M BITCOIN AT $116K
In March 2018, Kenneth Rogoff, a renowned economist from Harvard, made a controversial statement. In an interview with CNBC, he stated that in the next decade, Bitcoin was more likely to fall to $100 than to rise to $100,000. This view reflects the skepticism of many traditional economists towards cryptocurrencies, which at that time were still considered speculative and not widely adopted.
However, reality tells a different story. By August 2025, the price of Bitcoin actually exceeded $117,000 and even reached a record high above $120,000 in the middle of the year. This price surge occurred due to several factors, including increased institutional adoption, regulatory support in various countries, and the launch of spot Bitcoin ETFs that attracted both retail and institutional investors.
Since 2018, Bitcoin has shown rapid growth, challenging the pessimistic predictions of conventional academic and financial analysts. Although its price has sharply declined at several times, the long-term trend remains upward. Even large companies like Tesla, BlackRock, and Fidelity have started allocating part of their portfolios to digital assets.
Rogoff's prediction is now considered an example of failure to understand the direction of technological and financial innovation. Bitcoin not only survived but also succeeded in becoming a store of value and a global investment vehicle.
Analysis Conclusion:
Kenneth Rogoff's prediction in 2018 proved to be wrong. Bitcoin not only did not drop to $100, but instead soared past $100,000 by 2025. This indicates that the adoption of new technologies is often underestimated by traditional economic approaches. Factors such as institutional adoption, supportive regulation, and increasing public trust drive Bitcoin prices significantly higher. This development shows that in the world of digital finance, innovation often surpasses doubt. Investors who are patient and understand the technology behind cryptocurrencies enjoy significant long-term gains.