With high probability Bitcoin will lose in price
A decade from now, bitcoin is more likely to be 100 USD than 100,000 USD, says Harvard economist and former chief economist of the International Monetary Fund (IMF) Kenneth Rogoff.
The likelihood of bitcoin falling to $100 was greater than that of the digital currency rising to $100,000, he said. Regulation would be a trigger for the move lower in prices.
“Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small,” Harvard economist said.
A source: SNBC.