Harvard economist Kenneth Rogoff, who declared in 2018 that Bitcoin was more likely to crash to $100 than rally to $100,000, has returned. He indirectly admitted he was wrong and outlined reasons why his prediction fell through. Harvard Economist Breaks Silence On Missed Bitcoin Prediction In an X post, Rogoff identified himself as the Harvard economist who said that Bitcoin was more likely to be worth $100 than $100,000. He then went on to comment on what he missed when he made this prediction. First, the economist said that he was far too optimistic about the U.S. coming to its senses about sensible crypto regulation. Related Reading: Crypto Founder Predicts The Collapse Of Bitcoin In This Timeframe Rogoff, who was the former chief economist of the International Monetary Fund (IMF), indicated that the Donald Trump administration has gone about Bitcoin and crypto regulation in the wrong way. He questioned why policymakers would want to facilitate tax evasion and illegal activities, likely in reference to regulations such as the GENIUS Act, which have provided regulatory clarity. It is worth mentioning that one of the reasons the Harvard economist had predicted that Bitcoin was more likely to go to $100 was based on his belief that government regulation would trigger lower prices. He had made this prediction when BTC was trading at around $11,000. Rogoff claimed back then that the flagship crypto needed global regulation to crack down on its use for money laundering. The former IMF chief believed that if this regulation took away the possibility of money laundering and tax evasion, then Bitcoin’s actual use cases for transactions were very small. As such, he was banking on BTC lacking any demand, which would drive its price lower rather than higher. However, that hasn’t been the case as government regulation has only boosted Bitcoin’s demand. The flagship crypto rallied to $100,000, a price level Rogoff said it won’t reach, for the first time last year following Donald Trump’s victory. Meanwhile, BTC has reached new highs on the back of regulatory clarity, including its rally to a previous all-time high (ATH) just before the passage of the GENIUS Act last month. Further Reasons For The Missed Prediction The Harvard economist also stated that he did not appreciate how Bitcoin would compete with fiat currencies to serve as the transaction medium of choice in the $20 trillion global underground economy. He further remarked that this demand puts a floor on its price. Related Reading: Two Scenarios Map Out Bitcoin Price Crash After Recovery In addition to being a transaction medium of choice, BTC has also gained a reputation as a store of value, which has created demand for it among traditional finance (TradFi) investors. These investors have gained exposure to Bitcoin mainly through the ETFs. Interestingly, Harvard recently revealed a $117 million stake in BlackRock’s BTC ETF. Lastly, Rogoff said that he did not anticipate a situation where regulators, especially the regulator in chief, would be able to brazenly hold hundreds of millions or even billions of dollars in crypto without consequence, considering the “blatant conflict of interest.” At the time of writing, the Bitcoin price is trading at around $113,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
MetaMask's upcoming digital dollar is the first example of the partnership, combining Bridge's regulatory and reserve management with M0’s blockchain expertise.
Decentralized lending platform Aave has launched on Aptos, marking its first deployment on a non-EVM blockchain.
Ming Shing Group Holdings, a Nasdaq-listed Hong Kong construction firm, struck a $483 million deal to acquire 4,250 Bitcoin via share issuance.
DBS's move to tokenize structured notes on Ethereum could democratize access to complex financial instruments, enhancing market efficiency.
The post Singapore’s largest bank DBS to debut tokenized structured notes on Ethereum appeared first on Crypto Briefing.
US Representative David Schweikert has introduced legislation granting the President authority to act against crypto criminals operating abroad. The bill, filed as House Resolution (H.R. 4988), invokes the rarely used concept of “letters of marque and reprisal,” which is a legal instrument dating back to maritime warfare. Historically, such letters authorized privateers to attack and […]
The post US proposes revival of 18th century law so Trump can deputize private citizens to fight crypto scammers appeared first on CryptoSlate.
Recent developments around Cardano and its Midnight (NIGHT) token have caught the attention of the crypto community. With over 1 billion NIGHT tokens claimed in the first week of the Glacier Drop and tens of thousands of wallets participating, the airdrop has sparked a debate in the community as the activity continues to pick momentum. …
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has taken another big step in Europe. The company has now secured a Markets in Crypto-Assets Regulation (MiCA) license in Malta, a move that strengthens its position as one of the most regulated players in the industry. Gemini Receives Malta MiCA License Gemini has received …
A long-dormant Bitcoin whale has re-emerged, making significant moves that have caught the crypto market’s attention. After holding coins inactive for nearly seven years, the whale shifted more than 400 BTC (worth $45.5 million) to decentralized exchange Hyperliquid and swapped the funds for Ethereum, marking a bold pivot from Bitcoin to ETH. Leveraged Bets Turn …
Your day-ahead look for Aug. 21, 2025
The UK sanctioned Kyrgyz banks and crypto exchanges tied to Russia’s $9.3 billion ruble-backed stablecoin.
Kanye West continued his controversy-filled era with his YZY token launch on Solana this week, where trading activity drove its market capitalization near $3 billion before collapsing within hours. The token, listed under multiple pool tickers on Raydium, initially saw rapid inflows that pushed its fully diluted valuation into multibillion territory before prices retreated more […]
The post Kanye’s YZY launch rockets into Top 35 tokens then crashes 95% in hours appeared first on CryptoSlate.
Coinbase CEO Brian Armstrong has made a bold prediction: Bitcoin could climb to $1 million per token by the end of this decade. The rare price target from Armstrong grabbed attention, especially as he usually avoids public forecasts. He shared the outlook on X while promoting his interview on the Cheeky Pint podcast. Bitcoin Price …
A Bitcoin whale rotated another $113 million worth of Bitcoin into a $240 million spot Ether position after closing part of a previous Ether perpetual long worth almost $300 million.
Dogecoin is getting a lift with news of a $153.8 million deal as Thumzup Media Corporation will acquire Dogehash Technologies with its shares, marking one of the most significant transactions in the Dogecoin ecosystem to date. With Thumzup’s digital-asset strategy and Dogehash’s large-scale mining operations, the two companies are setting the stage for a robust expansion. A $153.8 Million Deal To Build The Biggest Dogecoin Miner The agreement between Thumzup Media and Dogehash Technologies comes with a clear goal: to build the world’s largest Dogecoin mining platform. The multi-million dollar all-stock deal will create a new company called Dogehash Technologies Holdings, Inc.. Once finalized, this new entity will trade on the Nasdaq exchange under the ticker XDOG. Related Reading: Shiba Inu Takes Major Step With Community Governance Model — Details Thumzup has strong skills in digital money and ways to grow it, while Dogehash has many years of experience running large mining operations. By joining forces, Thumzup and Dogehash could combine their skills and resources to grow much bigger than they could alone. Through the merger, the company can now enter Nasdaq’s public markets, where new investors may step in to support Dogecoin. Backed by the million-dollar all-stock deal, the new entity could use Thumzup’s growth expertise and Dogehash’s mining strength to secure a leading position in the Dogecoin mining sector. As a result, Dogecoin, one of the most popular meme coins in the world, may see more mining activity. Expanding Mining Power With A Green Energy Push Dogehash Technologies currently operates approximately 2,500 Scrypt ASIC miner machines, which mine Dogecoin (DOGE) and Litecoin (LTC) daily across North America. But the company is not stopping there. Over the next two years, Dogehash plans to add renewable-energy-powered data centers to the mix, expanding its mining fleet through 2025 and 2026. Since electricity accounts for most of a miner’s expenses, this strategy could make Dogehash more competitive in the long run. Dogehash could increase its mining capacity by using cleaner energy while reducing its environmental footprint, an approach with the potential to make it one of the leaders in sustainable crypto mining, a growing concern in the digital asset industry. Related Reading: What’s Next For XRP After Crashing Below $3? Analyst Answers Dogehash plans to roll out DogeOS, Dogecoin’s Layer-2 protocol, to make mining more efficient. DogeOS lets miners earn extra rewards through DeFi tools like staking and liquidity pools, on top of regular block rewards. For miners, that means more ways to boost returns; for the Dogecoin network, it means more substantial support and more activity. These tools will provide Dogehash with numerous opportunities to expand its earnings and participate in various financial products associated with mining. The company will not only look for ways to increase its mining profits but also explore other revenue streams that can add to its strength. With these steps, Dogehash Technologies Holdings could extend beyond merely creating more coins and develop a more robust and reliable system that supports the Dogecoin community and provides users with long-term value. Featured image from Dall.E, chart from TradingView.com
The BNB price has recently reached a fresh all-time high this year after breaking past critical resistance, and now sparking discussions about the sustainability of its rally. Where experts and analysts alike are also optimistic on BNB’s upside trajectories. This optimism is supported by various combinations of technical indicators, on-chain signals, and market activity that …
Gemini has secured the MiCA license from Malta’s Financial Services Authority (MFSA), enabling it to expand its crypto services across more than 30 European countries. This license allows Gemini to operate fully regulated and compliant within the European market, giving users access to a wider range of cryptocurrency products. The move marks a key step …
Justin Sun announced that the Tron community will adjust network fees as the TRX price and transaction costs increase. To keep Tron competitive and user-friendly, the community plans to reduce transaction fees by lowering energy prices, increasing energy limits, or promoting energy staking. This move aims to balance rising costs while maintaining smooth transactions for …
Crypto traders are turning bearish after Bitcoin and Ethereum struggled to maintain recent gains, according to several on-chain metrics. According to CryptoSlate data, Bitcoin has fallen nearly 7% over the past week, trading at $113,479 as of press time. Ethereum has experienced an even sharper drop, losing 10% in the same time frame and hovering […]
The post Bearish wave hits crypto as Bitcoin and Ethereum faced sharp declines over past week appeared first on CryptoSlate.
The Winklevoss twins-owned Gemini exchange continues its expansion in Europe, securing a Markets in Crypto-Assets Regulation license in Malta.
BNB has hit a market cap of $119.67 billion, moving past Rolls-Royce, which stands at $118.10 billion. This marks a major moment as a leading cryptocurrency outpaces a century-old engineering giant. The rise of BNB shows how digital assets are quickly gaining influence and reshaping financial rankings once dominated by traditional companies. As investors continue backing blockchain …
Bitcoin’s near-term path, argues macro commentator Bruce Florian–founder of the Bitcoin Self-Custody Company Schwarzberg and a bestselling author–is being set far from crypto order books and deep inside the US money markets, where a once-enormous pool of excess cash has finally run dry. In a thread on X, Florian frames the Federal Reserve’s overnight reverse repo facility (RRP) as the “surplus pot” that quietly powered asset prices for two years—and now, with that pot empty, he believes markets are about to feel the unfiltered weight of tighter liquidity. Why This Means Pain For Bitcoin Florian starts by locating the inflection point: “The reverse repo facility (RRP) is at its lowest level in four years.” He then walks through the basic plumbing. During the pandemic response, “so much money was printed… there were fewer assets than excess cash,” so banks and money funds “parked [it] with the Fed in the RRP. Safe and earning interest.” As that pool drained, it didn’t disappear—it “was continuously pumped into the market over the last few years. Mainly into government bonds.” In his accounting, “around $2 trillion in excess liquidity from 2020/21 flowed into the market over the last 24 months,” keeping valuations buoyant despite higher policy rates and formal quantitative tightening. Related Reading: Is The Bitcoin Treasury Bubble Popping? Expert Answers The metaphor he uses is deliberate and evocative: “It’s like a tanker traveling at full speed. Even if you turn off the engine, it will continue to drift for many kilometers, solely due to the speed it has built up.” For Florian, that drift—the lagged effect of past liquidity—is ending. “Now the propulsion is gone. The surplus pot is empty, and the tanker comes to a standstill.” He connects that mechanical turn to the looming supply calendar: “There are still trillions in government bonds that need to be purchased in the coming months and years.” With the RRP no longer acting as a buyer of first resort, “we will feel the full brunt of the reduced liquidity since 2022.” The near-term cross-asset message is unambiguous. “This is bad for stocks, bonds, and Bitcoin in the short term,” he writes, adding that “stocks and Bitcoin can afford short respites… bonds cannot.” The constraint, in his view, is structural: “The US bond market is the most important market in the world.” If the RRP isn’t there to absorb cash and recycle it into Treasuries, “bond yields will continue to rise to attract investors.” Related Reading: Bitcoin Bull Run Hinges On Trump’s Pick For Fed Chair: Analyst That dynamic, he warns, collides with political and macro limits: “interest rates are already far too high for the current administration.” His base case is that the central bank ultimately has to step in: “The Fed will likely intervene and rescue the bond market by providing new liquidity.” The path from here is “unclear… in the short term,” but the contours of the pressure are, in his telling, set by the plumbing. Florian repeatedly stresses that any turbulence should not be misread as a Bitcoin-native failure. “The turmoil is once again coming from the fiat system, not from Bitcoin. Bitcoin merely reflects this development with its volatility.” That framing places Bitcoin downstream of dollar liquidity rather than in opposition to it. The market, he cautions, will “do everything it can to drive you out of your position.” His counsel for positioning is psychological as much as financial: “If you know what you own, you can stay relaxed.” The long-term thesis remains intact in his mind—“Remember where Bitcoin is headed as an ideal store of value”—but navigating the next phase requires horizon discipline: “Because if you keep your eyes on the horizon, you won’t get seasick.” At press time, BTC traded at $113,736. Featured image created with DALL.E, chart from TradingView.com
North Wales Police are investigating a bitcoin theft after a scammer impersonated a senior officer and persuaded a victim to provide their seed phrase.
TRM Labs has teamed up with big crypto firms like Coinbase, Ripple, and Binance to launch the Beacon Network. This is the world’s first crypto crime response system. Its goal is to stop illegal money from moving through the blockchain. Beacon Network: An Approach to Prevent Crypto Fraud The crypto industry is often hit by …
Ethereum is rapidly emerging as the go-to asset for institutions, with a growing number of organizations adding it to their treasuries for its role in DeFi, staking, and Web3. Could this be the start of Ethereum challenging Bitcoin’s dominance? 69 Entities Hold Over 4M ETH Data from strategicethreserve shows that 69 entities now control over …
Chainlink (LINK) has been trending strongly in the crypto market. The token is up more than 3% in the last 24 hours, and excitement around its future is building fast. According to data from CoinGlass, open interest in LINK futures has soared to a record $1.5 billion, up nearly 60% since the start of 2025. …
Bitcoin has entered a precarious situation after falling below $114,000, and sellers continue to mount pressure on it. This comes after a rise to new all-time highs, and sticking to previous trends, Bitcoin looks to be testing previous support levels before continuing on its journey. However, as the price continues to struggle, crypto analyst Xanrox has predicted that a crash is in the future, warning investors to beware of investing in BTC. Bitcoin Shows Signs Of Crash In the analysis, Xanrox pointed out that the Bitcoin price is already primed to crash in the short term. This is due to the appearance of a Fair Value Gap (FVG) that is yet to be filled, and the price is already pulling back down toward this level to fill it again. Related Reading: Dogecoin Targets $1.25, But This 170% Move Is The Start The first crash is expected to send Bitcoin to the $110,600 level, which is a previous peak. At this junction, there is a lot of support, and the Bitcoin price will probably resist the crash here for a while before continuing. The crypto analyst also explained that the strong support is due to the fact that the $110,600 level has never been tested previously. There is also the 100-day moving average standing around this level, and this, too, provides support for the price. Given this, the crypto analyst believes that this would be good support for investors looking for intraday trades as the price hits $110,600. Moving forward, Xanrox expects the price to eventually break below $110,600, and the next major level is sitting at $104,800. This is also a strong support level because there is a range and a bull flag here. The most important thing of all is that the fair value gap is sitting at this level to be filled. “The previous major swing low of 105,130 is something where people put a lot of stop losses below it,” the analyst said. “That’s a magnet for whales; they probably want to buy here.” Why Price Is Headed Below $60,000 In light of the current bearish trend, Xanrox predicts that the Bitcoin price will eventually crash below $60,000. This is as a result of the completion of the five waves of the Elliot Wave Theory, suggesting that the market is now heading into the bearish portion. Related Reading: Ripple Enters Agreement With Gemini Ahead Of IPO — Here’s What We Know The analysis also points to the break below the trendline that began back in April, marked in red. This trendline has held as the price has climbed, not breaking in five months since then. Therefore, the current break suggests a continuation of the bearish rally. As for when the Bitcoin price will fall below $60,000, the analyst predicts that this will happen in 2026. Featured image from Dall.E, chart from TradingView.com
Arthur Hayes, freshly pardoned by US President Donald Trump, has taken a board seat and major stake in a stem cell company where he’s also been a patient.