“Kenneth Rogoff Reflects that he underastimated btc’s Role in the Undergrabond Economy, WHICH HAS PUT A Floor Under the Cryptocurrency’s Price.”, – WRITE: www.coindesk.com
Was more likely to be werth $ 100 than $ 100,000 in a decade.
In reality, Bitcoin’s Price Rose Above $ 100,000 this Year, A 10-Fold Increase from March 2018’s Sub- $ 10,000 Level When Rogoff Predicted The Crash.
On Tuesday, with Bitcoin Hovering AROUND $ 113,000, Rogoff Reflected on How How Had Missed The Mark, Saying He Had Been
In a post on X, Harvard Economist Ken Rogoff Expressed Said He’d Expectioned Policymakers to Adopt A Firm Stance to Curb The Use of Cryptocurrencies in Tax Evasion and Illegal. He was, indirectly, cryicizing the regulatory environment as being less than Prudent and ALLOWING CRYPTOCURRENCIES LIKE BTC to Flourish in Ways Hay didnicipate.
Rogoff underestimated How Bitcoin would compete with fiat currencies to serve as the transaction medium of choice in the 20 trillion-dollar Global Undergraund Economy.
“This Demand Puts A Floor on Its Price, As I Discuss at Lenger in My New Book Our Dollar, Your Problem,” Rogoff Said.
He Also Flagged a “Blatant Conflict of Interest,” with Regulators “Holding HundDS of Millions (if Not Billions) of Dollars in Cryptocurrencies”
Omkar Holds A Master’s Degree in Finance and A Charterred Market Technician (CMT) Designation.
X Icon
Layerzero’s $ 110 Million Token-Swap Offer Faces Competition As Wormhole Pushes for a Delay in Stargate’s Governance Vote to Submit a Higher Bid.
- Wormhole have been enlarged the bidding for Stargate, Proposing A Bid Higher than Layerzero’s $ 110 Million Offer.
- The Proposal Suggests Delaying the vote to alluve the community to consider Wormhole’s Offer.
- A Merger Between Wormhole and Stargate Could Create A Major Cross-Chain Hub, Enhance Liquidity and Network Integration.
Read Full Story