Harvard professor reflects on the future of the crypto currency.
"Actual use of Bitcoin as a means of payment is very small" compared to the use of a crypto currency for money laundering and tax evasion, says Kenneth Rogoff, a Harvard professor and former chief economist at the IMF.
Taking into account the above facts, Professor Rogoff concludes: "I think that Bitcoin will cost a tiny fraction of what it costs now … in ten years … I would say that a hundred dollars will be much more likely than one hundred thousand dollars, writes Fortune.
"The government can allow small anonymous transactions with crypto-currencies; indeed, it would be desirable, "Rogoff said earlier." But it is quite another matter to resolve large-scale crypto-anonymous payments, as this makes it extremely difficult to collect taxes or counteract criminal activities. "
But there are many opponents in the world of Professor Harvard's crypto currency. In particular, the founder of the first shopping blocker startup Shopin believes that Bitcoin will cost even more than 100.00 dollars, though he did not say when.
But we still have 10 years to make sure that the professor and the crypto-enthusiast are right or wrong.
Author: Evgenij Novožilov, Analyst Freedman Club Crypto News
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