BTC is Likely to Be $100 Than $100k - Harvard Economist

Harvard professor and economist Kenneth Rogoff shows scepticism on Bitcoin perspectives
06 March 2018   1817

The probability that in 10 years bitcoin will cost $ 100 is higher than the probability that its rate will rise to $ 100,000. This opinion is shared by Harvard professor and economist Kenneth Rogoff to CNBC.

I think bitcoin will be worth a tiny fraction of what it is now if we're headed out 10 years from now ... I would see $100 as being a lot more likely than $100,000 ten years from now. Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small.

Kenneth Rogoff

Professor and economist, Harward University

Contrary to Rogoff's suggestion, Blockchain Intelligence Group's research indicates that bitcoin was used much less often as a tool for illegal activities. Nevertheless, such transactions still account for a fifth of the transfers using cryptocurrency.

According to Rogoff, increasing pressure on the part of regulators will cause further declines in the rates of the cryptocurrency. At the same time, he recognizes that it may take considerable time to create the appropriate legal and regulatory framework.

It really needs to be global regulation. Even if the U.S. cracks down on it and China cracks down, but Japan doesn't, people will be able to still launder money through Japan.

Kenneth Rogoff

Professor and economist, Harward University

As a deterrent that prevented governments from moving to more proactive measures, Rogoff calls their interest in the technology behind crypto-currencies.

Bitifinex to Cooperate With Bitrefill

Exchange's users will be able to purchase products from the Bitrefill catalog with help of Lightning Network
05 December 2019   145

The Bitfinex cryptocurrency exchange has entered into a partnership with the service of replenishing mobile accounts and gift certificates Bitrefill.

Using Lightning Network (LN) technology, Bitfinex users will be able to purchase products from the Bitrefill catalog, which includes more than 2,000 digital gift cards and options for replenishing mobile accounts.

As soon as the user pays for the goods using Bitcoin, Bitfinex and Bitrefill automatically settle through the LN network, which makes transactions cheaper and much faster.

Bitcoin’s use as a means of payment represents an important milestone in the inevitable journey towards mass adoption. This is why the Lightning Network is so important. As an exchange, Bitfinex is at the forefront of developing solutions utilizing this technology.

Paolo Ardoino

CTO, Bitfinex

On December 3, Bitfinex integrated payment support through the Lightning Network.