Harvard Economist Rogoff Admits Bitcoin Price Prediction Error
- Rogoff admits error in 2018 Bitcoin prediction, highlighting a shift in sentiment.
- Bitcoin surpasses $110,000, invalidating earlier predictions.
- Institutional interest in Bitcoin increases, influencing market dynamics.
Kenneth Rogoff, a Harvard economist, admitted his 2018 Bitcoin crash prediction was wrong as Bitcoin surpassed $110,000 in August 2025, sharing reasons via social media.
Rogoff’s acknowledgment of his prediction error and personal Bitcoin investment highlights shifting attitudes among elite investors and boosts Bitcoin’s credibility as a mainstream asset.
Bitcoin Surpasses $110,000, Dispelling 2018 Predictions
In 2018, Kenneth Rogoff predicted Bitcoin’s value would crash, attracting skepticism from crypto advocates. However, as of 2025, Bitcoin’s price exceeded $110,000, effectively disproving his original opinion.
With developments in technology and intensified institutional interest, Rogoff stated the absence of regulation and tech advancements surprised many, acknowledging his prediction error publicly on his X account.
Harvard Allocates $117 Million in Bitcoin ETF
The recent price surge in Bitcoin led to increased institutional funding in cryptocurrency, particularly showcased by Harvard University’s $117 million allocation into a Bitcoin ETF. This reflects the asset’s growing acceptance.
Rogoff’s own substantial investment further underscores the shift in perception, as experts anticipate renewed interest and altered investment strategies within financial entities and academic institutions.
Experts Predict Broader Bitcoin Adoption
Similar skepticism prevailed in 2018, with Bitcoin’s price fluctuations inciting doubt among institutional investors. Comparatively, entities like MicroStrategy and Tesla previously transitioned to Bitcoin, inspired by evolving market conditions.
Reflecting on historical trends, experts suggest the current trajectory may result in broader adoption and regulatory developments worldwide, impacting Bitcoin’s stature as an institutionalized asset. “I’ve outlined several factors behind my previous Bitcoin prediction being so off, including the global failure to implement sensible regulation and intensified institutional demand. Clearly, my call did not age well,” Rogoff commented.
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