Harvard crypto skeptic calls Bitcoin a ‘hedge against dystopia’
Harvard professor Kenneth Rogoff says that he doesn't see Bitcoin succeeding, barring extenuating circumstances. Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however. "I can see Bitcoin being used in failed states,” Rogoff said in a Bloomberg interview on Thursday, adding:“It's conceivable, you know, it could have some use in a dystopian future, but I think the governments are not going to allow....
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Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed the likelihood of a bitcoin bubble. Harvard Professor Warns of Strict Crypto Regulation Harvard University Professor Kenneth Rogoff shared some thoughts about bitcoin regulation during an interview on Bloomberg Surveillance last week. Rogoff is the Thomas D. Cabot Professor of Public Policy and a....
Goldman Sachs’ head of commodities research calls bitcoin “the retail inflation hedge” and likens the cryptocurrency to copper. He says gold and bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the currency of last resort.” Goldman Sachs on Bitcoin, Gold, Copper, and Inflation Hedge Jeff Currie, global head of commodities research at Goldman Sachs, revealed his outlook for bitcoin, gold, and copper on Thursday. Commenting on the recent surge in bitcoin’s price, he said on....
Yikes! Harvard professor Kenneth Rogoff really told us what the elites think of the common man in his “What’s the Crypto Regulation Endgame?” opinion piece. Spoiler alert: they don’t want you to have financial freedom or privacy. This man’s suggestions are so wacky that it’s hard to take them seriously, but this is how the […]
A student at Harvard was caught using the University's massive computing power to mine Dogecoin. Supercomputers are pretty amazing. They're mostly used for research since they specialise in processing, analysing, and doing computations on ridiculous amounts of data at high speeds. Supercomputer simulations have been used to understand earthquakes, model pandemics, predict the weather, and more. Harvard University has its own supercomputing cluster called Odyssey, which boasts a 14,000 core Intel Xeon architecture with over 10 TB of RAM. But unlike most researchers, one student at Harvard....