Published on October 11th, 2017 | by bitcoin
0Harvard Professor Says Bitcoin Price will Collapse – in the Long Term
Futures Market
This summer, the total value of the bitcoin market reached $160 billion, almost 10 times what it was at the beginning of 2017.
Now, a leading economic expert is warning investors that while cryptocurrencies may very well be the financial wave of the future, the value of bitcoin will collapse eventually.
Kenneth Rogoff is a professor of economics at Harvard University, and from 2001 to 2003, he served as the chief economist of the International Monetary Fund.
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Rogoff doesn’t say when bitcoin will collapse, though, so actually taking action based on his prediction is futile.
Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets.
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