Digital currency Bitcoin hits new high before losing S$200 in value in one day

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A decade from now, bitcoin is more likely to be $100 than $100,000, Harvard economist says

By Cheang Ming
Published March 6, 2018

Bitcoin is 'a lot more likely' to be $100 than $100,000 in ten years Bitcoin is 'a lot more likely' to be $100 than $100,000 in ten years  

The likelihood of bitcoin prices falling to $100 is greater than that of the digital currency trading at $100,000 a decade from now, Harvard University professor and economist Kenneth Rogoff said on Tuesday.

"I think bitcoin will be worth a tiny fraction of what it is now if we're headed out 10 years from now ... I would see $100 as being a lot more likely than $100,000 ten years from now," Rogoff told CNBC's "Squawk Box."

"Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small," the former chief economist of the International Monetary Fund (IMF) said.

More details in https://www.cnbc.com/2018/03/05/bitcoin-...ogoff.html
Specuvestor: Asset - Business - Structure.
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Just Be Careful - by Retired@52 - 10-02-2015, 10:23 PM
Bitcoin - by Retired@52 - 10-02-2015, 10:30 PM
RE: Digital currency Bitcoin hits new high before losing S$200 in value in one day - by cyclone - 06-03-2018, 01:15 PM
RE: Blockchain - by Wildreamz - 26-07-2021, 03:24 PM
RE: Blockchain - by Wildreamz - 27-07-2021, 12:05 PM
RE: Berkshire Hathaway - by specuvestor - 12-05-2022, 12:23 PM

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