Surprising Confession About Bitcoin After 7 Years! "From 100 USD To 100,000 USD…"

Kenneth Rogoff, the Harvard economist, admitted that the predictions about Bitcoin (BTC) that he made in 2018 did not come true. Harvard economist Kenneth Rogoff, who said in 2018 that Bitcoin was more likely to fall to $100 than rise to $10,000, acknowledged that he was wrong. "BTC is more likely to fall to $100 than to reach $100,000 in the next decade," Rogoff told CNBC in an interview in early 2018. "Because BTC is used for money laundering and tax evasion, not as a medium of exchange. If regulations start to be implemented worldwide, the price will crash." However, Rogoff admitted that he was wrong in a post on his X account, citing the lack of effective regulations for cryptocurrencies, the unexpectedly high adoption rates, and the inaction of regulators as the main reasons for his erroneous predictions. "About ten years ago, I was an economist at Harvard and stated that Bitcoin was more likely to reach $100 than $100,000." What did I miss? 1-I was too optimistic that the United States would issue reasonable regulations on cryptocurrencies; I wonder why policymakers would want to facilitate tax evasion and illegal activities. 2- Secondly, I did not foresee that Bitcoin would compete with fiat currencies to become the preferred medium of exchange in the global underground economy worth twenty trillion dollars. 3- Tuesday, I did not expect that regulatory agencies, especially the main regulatory agency, would hold hundreds of millions or even billions of dollars in cryptocurrency, due to the obvious conflict of interest.