This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Harvard economist Kenneth Rogoff has publicly acknowledged his failed Bitcoin price prediction from 2018. The former IMF chief admitted he underestimated Bitcoin’s resilience and misjudged regulatory developments. Rogoff outlined three key factors that caused his $100 Bitcoin prediction to miss dramatically as BTC now trades above $113,000.
- Rogoff underestimated Bitcoin's adoption in the $20 trillion global underground economy, which creates price support
- He failed to anticipate that regulatory clarity would boost rather than suppress Bitcoin demand and price
- The economist didn't foresee traditional finance embracing Bitcoin as a store of value through ETF investments
📎 Related coverage from: newsbtc.com