The error in predictions by one of the most famous economists regarding Bitcoin 📉🚀

Kenneth Rogoff, a prominent economist from Harvard University, admitted that he was significantly wrong in his predictions about the future of Bitcoin. In 2018, Rogoff stated that the price of Bitcoin was closer to collapsing to $100 than reaching $10,000. But reality turned out to be the complete opposite. 😲

After seven years, the price of Bitcoin has exceeded $113,000, prompting Rogoff to return and acknowledge his mistake. He pointed out that his belief that U.S. regulators would move quickly to restrict cryptocurrencies was incorrect. He also did not foresee that Bitcoin would evolve into an asset capable of attracting massive investments from major institutions, giving it greater legitimacy in the financial system.

This candid acknowledgment reminds us how difficult it is to predict the trajectory of Bitcoin. While some analysts, like Peter Brandt, believe that the currency may have peaked, others still believe in its promising future. 📈 Regardless of the viewpoint, Rogoff's story confirms that the world of cryptocurrencies remains full of surprises. 😮