🚨 Harvard Economist Humbled 🚨
In 2018, Harvard’s Kenneth Rogoff said bitcoin was more likely to hit $100 than $100k.
Fast forward: bitcoin didn’t crash—it ripped through $100k and has stayed there for 100+ days. Rogoff was off by three orders of magnitude. His excuse now? The world is just too dumb. 🤡
His argument rested on three pillars:
1️⃣ Mostly for criminals
2️⃣ Governments would regulate it away
3️⃣ No utility without illicit use
All wrong. Governments didn’t ban bitcoin—they’re adopting it. Corporations, sovereigns, and millions of individuals hold it. Even Harvard just disclosed a $100M+ allocation to BlackRock’s ETF $IBIT. 🫠
Rogoff also called bitcoin’s role in the $20T underground economy a flaw. It’s actually proof of concept: it works when you need it most—remittances, broken currencies, censorship, sanctions. If it works there, it works everywhere.
So why do Ivy League elites keep missing it? Their worldview depends on trusting the system. They can’t imagine it failing. But bitcoin doesn’t care about diplomas or credentials. Reality is the ultimate rebuttal.
Even Harvard’s endowment has already voted—with $100M+.
👉 I dive deeper into this in FIRE BTC #44—covering why elites dismiss bitcoin, Jesse Myers’ “yuppie elite” framework, and why the underground economy is validation, not a bug.
📩 Read it & subscribe free here:
🤌 Harvard Humbled
FIRE BTC #44 - Bad bitcoin takes from Ivy League elites
