Bitcoin prices are still high. But be careful, 10 years more cryptocurrency price is predicted to only be in the range of US $ 100. Thus expressed by professor and economist from Harvard University Kenneth Rogoff as reported by CNBC.
"I think Bitcoin in the next 10 years is more likely to be priced at US $ 100 than US $ 100,000," Rogoff said.
The price predicted Rogoff is also far from the current Bitcoin price. Bitcoin price is currently at the level of USD 8,215.
"Basically, if you rule out the possibility of money laundering and tax evasion, the use of transactions (Bitcoin) is very small," he said.
Bitcoin is often associated with illegal transactions, and is also used for various kinds of transactions. Shone Anstey, co-founnder and president of Blockchain Intelligence hastily argue. He said the level of illegal transactions in Bitcoin had dropped 20% in 2016 and also fell very significantly in 2017.
Rogoff said the government regulation could trigger a decline in Bitcoin prices. Nevertheless, he pushed that it took time to devise an appropriate global regulatory framework.
"It needs global regulation, even if the United States refuses, in China also refuse but in Japan no, then people will still be able to wash (money laundring) through Japan," he said.
Meanwhile, the development of the current cryptocurrency rule depends on each country. Japan legalized Bitcoin last year. While other countries have refused.
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