What ho, old bean! Here’s the lowdown:
- Kenneth Rogoff, the egghead economist at Harvard, once declared Bitcoin would shrivel to a measly $100 by 2028. 😂🤑
- Lo and behold, Bitcoin laughed in his face and soared past $100,000! Take that, Nostradamus of the Ivy League! 🚀✨
- Now, our dear professor admits he underestimated Bitcoin’s underground charm and overestimated the regulators’ gumption. 🕵️♂️💼
In this spiffing article
BTCBTC$113,590.97◢0.13%
Back in the halcyon days of 2018, Kenneth S. Rogoff, the brainy blighter from Harvard and ex-chief economist at the IMF, proclaimed Bitcoin would be worth a mere $100 in a decade. What a corker of a prediction, eh? 🧐💭
Fast forward to today, and Bitcoin’s price has skyrocketed past $100,000, leaving our professor’s forecast in the dust. A tenfold increase, no less! Who’s laughing now, Rogoff? 😏📈
On Tuesday, with Bitcoin lounging around $113,000 like a chap at a country club, Rogoff had a spot of introspection. “I was far too optimistic about the U.S. getting its act together on crypto regulation,” he mused. Well, I say, old boy, you weren’t just optimistic-you were living in a different universe! 🌌🤦♂️
In a post on X (formerly known as Twitter, for the uninitiated), Rogoff spilled the beans. He’d expected the powers that be to clamp down on crypto’s shenanigans, like tax evasion and whatnot. But alas, the regulators were as effective as a chocolate teapot. ☕🤷♂️
Our Harvard whizz also admitted he’d underestimated Bitcoin’s appeal in the shadowy underworld of the global economy. “It’s a $20 trillion affair, old sport, and Bitcoin’s in the thick of it,” he said, probably while adjusting his monocle. 🕶️💼
“This demand keeps its price afloat, as I explain in my new tome, *Our Dollar, Your Problem*,” Rogoff added, plugging his book with all the subtlety of a brick through a window. 📚🤑
And let’s not forget his jab at the regulators, whom he accused of having a “blatant conflict of interest.” Apparently, they’re sitting on piles of crypto while turning a blind eye. Tsk, tsk. Such cheek! 😤💰
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2025-08-21 12:04