Kenneth Rogoff, a Harvard economist who previously predicted Bitcoin would crash to $100 before reaching $100,000, has acknowledged significant changes in the crypto landscape since his 2018 comments. He stated that he underestimated the US's ability to introduce sensible cryptocurrency regulations and the competitive nature of Bitcoin against fiat currencies. Since Rogoff's prediction, Bitcoin has surged over 1,000%, reaching an all-time high of over $100,000 in December 2024. He also commented on the increasing acceptance of Bitcoin in countries with devalued currencies and highlighted his surprise at regulators holding large amounts of cryptocurrencies without consequence. Critics pointed out that Rogoff failed to foresee the success of decentralized projects like Bitcoin and emphasized the importance of fundamentals such as fiat debasement and global demand for neutral reserve assets.

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