Daily Bitcoin News Update
Bitcoin is more likely to trade for $100.00 than $100,000 in 10 years. That’s a prediction delivered by one revered economist. While we respect his analysis, we fully contradict the premise on which his price target is based. Let’s dive deeper.
Kenneth Rogoff, a professor at Harvard and a former economist at the International Monetary Fund (IMF), contends that Bitcoin’s use is limited. He was on CNBC’s Squawk Box yesterday where he asserted that Bitcoin’s best use-case has been as a monetary unit for illegal activities, particularly money laundering and tax evasion. The economist said that if you take these illicit activities out.
The post Bitcoin Price Prediction: Ex-IMF Economist Predicts BTC Price Will Crash to $100 appeared first on Profit Confidential.
Written by Palwasha Saaim B.Sc @ https://www.profitconfidential.com/cryptocurrency/bitcoin/btc-price-prediction-ex-imf-economist-predicts-btc-price-will-crash-100/ March 7, 2018 Palwasha Saaim B.Sc