CoinVoice has recently learned that, according to a report by CoinDesk, Harvard University economics professor and former International Monetary Fund chief economist Kenneth Rogoff reflected on his 2018 prediction error. At that time, he predicted that Bitcoin was more likely to be worth $100 rather than $100,000 within ten years, but now Bitcoin's actual price has surpassed $113,000, increasing more than tenfold since 2018.
Rogoff stated that he was "too optimistic about the United States establishing reasonable cryptocurrency regulation," and he underestimated the role of Bitcoin in the global $20 trillion underground economy, which provided support for Bitcoin's price. He also criticized the "obvious conflicts of interest" between regulators and cryptocurrencies, stating that regulators hold hundreds of millions or even billions of dollars in cryptocurrencies without facing any consequences. [Original link]
