Published on October 11th, 2017 | by bitcoin0
Harvard Professor Says Bitcoin Price will Collapse – in the Long Term
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.
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.