ChainCatcher news, according to CoinDesk, Harvard University economics professor and former chief economist of the International Monetary Fund Kenneth Rogoff reflects on his prediction mistake in 2018. At that time, he predicted that Bitcoin was more likely to be worth $100 rather than $100,000 in ten years, and now the actual price of Bitcoin has surpassed $113,000, growing more than tenfold since 2018.
Rogoff stated that he was "too optimistic in his expectations for the U.S. to establish reasonable cryptocurrency regulation," underestimating the role of Bitcoin in the $20 trillion global underground economy, which supports the price of Bitcoin. He also criticized the "clear conflict of interest" between regulators and cryptocurrencies, stating that regulators hold hundreds of millions or even billions of dollars in cryptocurrencies without facing any consequences.
