“I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax evasion and illegal activities? Second, I did not appreciate how Bitcoin would compete with fiat currencies to serve as the transactions medium of choice in the twenty-trillion dollar global underground economy. This demand puts a floor on its price, as I discuss at length in my new book Our Dollar, Your Problem. Third, I did not anticipate a situation where regulators, and especially the regulator in chief, would be able to brazenly hold hundreds of millions (if not billions) of dollars in cryptocurrencies seemingly without consequence given the blatant conflict of interest.”
Kenneth Rogoff, Former Chief Economist of the IMF · Bitcoin since: -28%
As published by Twitter
A little perspective.
Bitcoin on that day$112,831August 19, 2025
$100 at that price$72.19At our latest price check
Illustrative value using a Bitcoin price of $81,458, checked Oct 29, 2026, 4:33 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Kenneth Rogoff appears in 3 recorded obituaries. 34 declarations were recorded in 2025.
Keep the receipt.
Bitcoin Is Dead. “I Was Far Too Optimistic About The Us Coming To Its Senses About Sensible Cryptocurrency Regulation” — Kenneth Rogoff, Twitter, August 19, 2025. Bitcoin: $112,831.18. https://bitcoindeaths.com/posts/2025-08-19-i-was-far-too-optimistic-about-the-us-coming-to-its-senses-about-sensible-cryptocurrency-regulation