TechFlame news, August 21. According to CoinDesk, Kenneth Rogoff, professor of economics at Harvard University and former International Monetary Fund chief economist, reflected on his 2018 prediction mistakes. At the time, he predicted that Bitcoin would be more likely to be worth $100 than $100,000 within 10 years, but now the actual price of Bitcoin has surpassed $113,000

, an increase of more than 10 times over 2018.

Rogoff said he was “too optimistic about America's expectations for proper cryptocurrency regulation,” and he underestimated Bitcoin's role in the $20 trillion underground economy. This demand supports Bitcoin's price. At the same time, he criticized the “clear conflict of interest” between regulators and cryptocurrencies, saying that regulators held hundreds of millions or even billions of dollars in cryptocurrencies without any consequences

.