Harvard economist Kenneth Rogoff, who once predicted Bitcoin would crash to $100 before hitting $100,000, has not changed his stance on Bitcoin. He failed to predict Bitcoin’s competition with fiat currencies and its role as an inflation hedge. Despite his skepticism, Bitcoin has surged over 1,000% since his 2018 prediction. Source: TradingView. Rogoff still believes in stringent cryptocurrency regulation.

In response to Rogoff’s skepticism, industry experts such as Bitwise’s CIO Matt Hougan and FalconX researcher David Lawant have praised Bitcoin’s decentralized nature. Rogoff’s book, ‘The Curse of Cash,’ even pushed Lawant towards Bitcoin. Harvard Management Company recently invested $116 million in BlackRock’s Bitcoin ETF, despite Rogoff’s pessimistic views. Bitcoin’s critics, including Rogoff, have been proven wrong as the cryptocurrency continues to thrive.

Read more at Cointelegraph: Harvard Economist Admits Wrong Bitcoin $100 Prediction