Harvard economist Rogoff reflects on missed Bitcoin prediction

Harvard economist Kenneth Rogoff, who in 2018 said Bitcoin was “more likely” to fall to $100 than rise to $10,000, has addressed his now-viral misjudgment, U.Today reported. Speaking on X, Rogoff cited the lack of effective regulation, unexpected adoption and regulatory inaction as key reasons behind his inaccurate forecast. At the time, he argued Bitcoin’s primary use was for illicit activity and expected a global crackdown. As of 2025, Bitcoin is trading at $113,260, having recently hit an all-time high of $124,128.