06-03-2018, 01:15 PM
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
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.