Harvard economist Kenneth Rogoff, known for his critical remarks about Bitcoin, recently admitted that his views have changed since he made his earlier predictions.
Rogoff's Changing View on Bitcoin
Rogoff recalled his predictions from 2018 when he stated that Bitcoin was more likely to be worth $100 than $100,000. He noted that he now realizes, 'I was probably too optimistic about the U.S. coming to terms with sensible cryptocurrency regulation.'
Criticism and Comments
Several specialists commenting on Rogoff's statements pointed out that he failed to envision that decentralized projects could succeed. 'He wrote Bitcoin's obituary too early,' noted one researcher. Rogoff also mentioned that he did not anticipate how Bitcoin would compete with fiat currencies.
Harvard's Investment in Cryptocurrency
Interestingly, Harvard University, which previously criticized Bitcoin, recently invested $116 million in BlackRock's Bitcoin ETF. This highlights a changing attitude towards cryptocurrencies amid their growth.
Kenneth Rogoff's stance on Bitcoin underscores the variability of opinions surrounding this cryptocurrency. Despite his acknowledgment of past mistakes, he maintains a critical perspective on the crypto market.
