The post Harvard Economist Who Predicted Horrendous Bitcoin Crash To $100 Admits He Was Wrong ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp A Harvard economist, Kenneth Rogoff, who once forecasted that Bitcoin (BTC) was more likely to sink to $100 than ever smash the coveted $100,000 milestone, has admitted that he made a wrong call. “Almost a decade ago, I was the Harvard economist that said Bitcoin was more likely to be worth $100 than $100K. What did I miss?” he posted in a Wednesday post. The Harvard Economist’s Bearish 2018 Prediction Back in 2018, Kenneth Rogoff said during an interview with CNBC’s Squawk Box that he expected a global regulatory crackdown on Bitcoin to trigger a sharp drop in the asset’s price and anticipated limited adoption of the flagship crypto as a real payment option. “I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now,” he said at the time. “I would see $100 as being a lot more likely than $100,000 ten years from now.” Rogoff, who is a former chief economist of the International Monetary Fund (IMF), was at the time convinced that Bitcoin was only limited to illegal activities. Advertisement &nbsp Bitcoin was trading at around $11,242 when Rogoff made his call. But instead of crashing to $100, the top asset has skyrocketed past $100,000 since Donald Trump’s November 2024 election win. What The Economist Got Wrong About Bitcoin Rogoff now admits that he underestimated Bitcoin’s role as a transaction medium in the $20 trillion underground economy. “I did not appreciate how Bitcoin would compete with fiat currencies to serve as the transactions medium of choice in the twenty-trillion dollar global underground economy,” the Our Dollar, Your Problem author explained.  Notably, Bitcoin has emerged as a viable inflation hedge in many countries where governments have dramatically devalued local fiat currencies.  Rogoff… The post Harvard Economist Who Predicted Horrendous Bitcoin Crash To $100 Admits He Was Wrong ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp A Harvard economist, Kenneth Rogoff, who once forecasted that Bitcoin (BTC) was more likely to sink to $100 than ever smash the coveted $100,000 milestone, has admitted that he made a wrong call. “Almost a decade ago, I was the Harvard economist that said Bitcoin was more likely to be worth $100 than $100K. What did I miss?” he posted in a Wednesday post. The Harvard Economist’s Bearish 2018 Prediction Back in 2018, Kenneth Rogoff said during an interview with CNBC’s Squawk Box that he expected a global regulatory crackdown on Bitcoin to trigger a sharp drop in the asset’s price and anticipated limited adoption of the flagship crypto as a real payment option. “I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now,” he said at the time. “I would see $100 as being a lot more likely than $100,000 ten years from now.” Rogoff, who is a former chief economist of the International Monetary Fund (IMF), was at the time convinced that Bitcoin was only limited to illegal activities. Advertisement &nbsp Bitcoin was trading at around $11,242 when Rogoff made his call. But instead of crashing to $100, the top asset has skyrocketed past $100,000 since Donald Trump’s November 2024 election win. What The Economist Got Wrong About Bitcoin Rogoff now admits that he underestimated Bitcoin’s role as a transaction medium in the $20 trillion underground economy. “I did not appreciate how Bitcoin would compete with fiat currencies to serve as the transactions medium of choice in the twenty-trillion dollar global underground economy,” the Our Dollar, Your Problem author explained.  Notably, Bitcoin has emerged as a viable inflation hedge in many countries where governments have dramatically devalued local fiat currencies.  Rogoff…