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PANews reported on June 19 that according to Techinasia, blockchain startup Units.Network has completed a $10 million financing, led by Nimbus Capital, and other investors have not been disclosed. The

On June 14, the largest crypto conference in Eastern Europe — Incrypted Conference 2025 — took place at the Parkovy Exhibition and Convention Center in Kyiv. As part of the event, a charity auction was held, raising nearly 750,000 UAH, which will be donated to support Ukrainian soldiers. The first auction lot was the «Motanka-Stalker» […] Сообщение Incrypted Conference raised about 750,000 UAH to support the Ukrainian army появились сначала на INCRYPTED .

BitcoinWorld Bitcoin Prediction: Harvard Economist Rogoff Reflects on Stunning Miss Remember that bold forecast from 2018? Harvard economist Kenneth Rogoff famously suggested that Bitcoin was “more likely” to tumble to $100 than surge past $10,000. Fast forward to 2025, and Bitcoin is trading at a staggering $113,260, having recently hit an all-time high of $124,128. This dramatic rise has prompted Rogoff to reflect on his much-discussed Bitcoin prediction, offering valuable insights into the unpredictable nature of digital assets. Why Did the Bitcoin Prediction Go Wrong? Rogoff’s original thesis was straightforward: he believed Bitcoin’s primary use case was illicit activity. Consequently, he anticipated a global regulatory crackdown that would suppress its value. However, the reality unfolded quite differently. Speaking on X (formerly Twitter), Rogoff cited several key factors that led to his inaccurate forecast: Lack of Effective Regulation: Contrary to expectations, comprehensive global regulation did not materialize swiftly. This allowed Bitcoin to grow without the anticipated governmental constraints. Unexpected Adoption: Beyond illicit uses, Bitcoin saw significant and unexpected adoption. This included institutional investment, corporate treasuries, and growing mainstream acceptance, expanding its utility far beyond what was initially perceived. Regulatory Inaction: While discussions about regulation continued, concrete, coordinated global action that would cripple Bitcoin’s value largely remained absent, or was too slow to impact its momentum. These elements combined to create an environment where Bitcoin could flourish, directly contradicting the economist’s earlier Bitcoin prediction. The Unstoppable Rise of Bitcoin The journey from $10,000 to over $113,000 has been nothing short of remarkable. Bitcoin’s resilience and growth highlight a fundamental shift in how the world views digital currencies. What was once seen purely as a speculative or niche asset has evolved into a significant player in the global financial landscape. Its decentralized nature, coupled with increasing liquidity and infrastructure development, has fueled this impressive ascent. Many factors contributed to this growth, including: Growing institutional interest and investment. Increased retail adoption and accessibility through various platforms. The narrative of Bitcoin as a hedge against inflation and traditional financial instability. This sustained upward trajectory continues to challenge conventional economic models and forecasts. Lessons from a Misguided Bitcoin Prediction Rogoff’s reflection offers crucial lessons for anyone attempting to forecast the future of emerging technologies. Predicting the trajectory of innovative assets like Bitcoin is inherently challenging due to their nascent stage and rapid evolution. Traditional economic models, while robust for established markets, may not fully capture the dynamics of disruptive innovations. What can we learn from this? Adaptability is Key: Economic models and forecasts need to be dynamic and adaptable to new information and changing market conditions. Understand New Paradigms: Cryptocurrencies introduce new economic paradigms that require fresh perspectives, not just applying old frameworks. Embrace Uncertainty: The future of digital assets remains uncertain, making rigid predictions risky. A flexible approach is often more prudent. The missed Bitcoin prediction serves as a powerful reminder of how quickly the financial world can change. Navigating the Future of Bitcoin While Bitcoin’s journey has defied many early skeptics, its future still holds potential volatility and ongoing regulatory developments. Governments and financial institutions worldwide are still grappling with how to integrate or regulate digital assets effectively. However, the foundational adoption and technological advancements suggest that Bitcoin is here to stay, evolving into a more mature asset class. For investors and enthusiasts, staying informed about regulatory shifts, technological upgrades, and broader market sentiment is crucial. The market continues to mature, offering both opportunities and risks. It is always wise to approach these markets with a clear understanding of your risk tolerance. In conclusion, Kenneth Rogoff’s candid reflection on his 2018 Bitcoin prediction underscores the complex and often unpredictable nature of the cryptocurrency market. His insights highlight how factors like regulatory evolution and unexpected adoption can dramatically alter the course of emerging technologies. Bitcoin’s remarkable journey from a niche asset to a global financial phenomenon continues to challenge conventional wisdom, proving that innovation often moves faster than forecasts. Frequently Asked Questions (FAQs) 1. Who is Kenneth Rogoff? Kenneth Rogoff is a prominent American economist and professor of economics at Harvard University. He is known for his work on international economics and public finance. 2. What was Rogoff’s original Bitcoin prediction? In 2018, Rogoff predicted that Bitcoin was “more likely” to fall to $100 than rise to $10,000, primarily due to his belief that its main use was for illicit activities and that a global regulatory crackdown was imminent. 3. Why did his Bitcoin prediction prove inaccurate? Rogoff attributes his misjudgment to the lack of effective global regulation, the unexpected and widespread adoption of Bitcoin, and the general inaction from regulatory bodies that he had anticipated. 4. What is Bitcoin’s current price? As of 2025, Bitcoin is trading at $113,260, having recently reached an all-time high of $124,128. 5. What can we learn from this missed forecast? This situation teaches us that emerging technologies like Bitcoin are highly unpredictable. Economic models need to be adaptable, and forecasters must consider new paradigms and unexpected adoption patterns rather than relying solely on traditional frameworks. If you found this article insightful, please consider sharing it with your friends and on your social media channels! Help us spread awareness about the evolving cryptocurrency landscape and the fascinating stories within it. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin’s price action. This post Bitcoin Prediction: Harvard Economist Rogoff Reflects on Stunning Miss first appeared on BitcoinWorld and is written by Editorial Team