Professor at Harvard and former chief economist of the International monetary Fund (IMF) Kenneth Rogoff said that with a high probability of the price of bitcoin falls to $100 within the next decade. These words sounded in the program Squawk Box CNBC.
“I believe that bitcoin will cost only a small fraction of its current price, if you look ten years ahead. By that time, the sum of $100 is much more likely than $100 000” — said Rogoff.
According to him, bitcoin is not very useful as a means of payment, the first cryptocurrency is not so many applications, in addition to tax evasion and money laundering. In addition, in October last year, an economist told the Guardian that the price of bitcoin will collapse, even if its fundamental technology will flourish.
Partly its forecasts Rogoff explains that the governments of different countries will not allow decentralized and anonymous digital money to completely replace the national currency.
At the same time, Rogoff said that he is in favour of international regulation of the cryptocurrency, not the ban.
“Now you really need global regulation. Even if the US and China will take over cryptocurrency, and Japan — not, people will continue to launder money through Japan” — said Rogoff.
We will remind, earlier the head of the IMF Christine Lagarde said that the Fund was trying to prevent the use of bitcoin and other cryptocurrencies for money laundering and financing of terrorism. In addition, the world economic forum in Davos, she called the mining “evil energy”.