Rogoff dey admit say im 2018 Bitcoin forecast no correct after $124K peak
Harvard ekonomist Kenneth Rogoff don admit say im 2018 Bitcoin prediction no correct. E talk say BTC go fall reach $100 instead say e go reach pass $100,000, dis prediction na when Bitcoin dey trade for around $11,200. Rogoff now talk say three tins change im mind: beta regulation wey boost demand, Bitcoin role for the $20 trillion underground economy, plus institutional money wey dey enter through Bitcoin ETFs. This new Bitcoin prediction show how e still underestimat the kain attraction Bitcoin get as store of value. This admission come after Bitcoin reach all-time high of $124,000 on August 14, 2025, before e drop 7.3% for the next week. As dem dey talk, BTC dey trade around $112,600 after e down 2.1% for 24 hours, but e still up 86% year-on-year. This change show the gap wey dey between academic forecast and market reality, plus how regulation and ETF money still dey support Bitcoin market. Traders dem suppose dey watch how sentiment and ETF volumes dey change for possible effect on Bitcoin price stability.
Bullish
Rogoff update dia Bitcoin prediction plus im public confession show strong institutional backing plus clear regulation wey dey push recent rally well well. For short term, traders fit see wahala as ETF flow data plus regulation news dey land market. But Bitcoin fit reach $124,000 peak plus maintain 86% year-on-year gain mean say e get solid long-term bullish momentum. Overall, this news dey strong Bitcoin store-of-value story plus e likely go keep demand high, support bullish outlook.