Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says that central banks won’t allow bitcoin and other cryptocurrencies to become mainstream. “Eventually over the long course of history, the government first regulates and then it appropriates, and I think we can see that happening here,” he warned.
“I don’t think regulating it is all that difficult, I think that there has been a hesitation to move too quickly because there has been a lot of innovation in the cryptocurrency space and governments want to allow that to proceed.”
He also thinks the current bubble will bust because Bitcoin has no use case.
What is your take on what will the governments and central banks will do about Bitcoin?
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