This economist said in 2018 that bitcoin was more likely to drop to $100 than hit $100K. Here’s what he says he got wrong.
1. Kenneth Rogoff critiques U.S. cryptocurrency regulation's impact on Bitcoin's illicit use. 2. Bitcoin's high demand stems from underground transactions, supporting its market value. 3. Rogoff's prior prediction about Bitcoin's value proved overly pessimistic. 4. Growing institutional adoption is driving Bitcoin's price increases this year. 5. Trump's executive order aims to establish a federal Bitcoin reserve.