Harvard economist reveals why the government does not insist that the amount of money

"I would say, compared to the value of bitcoin, not worth what is now about 10 years, I will have the ability to predict bitcoin more than $100000, $100, Rogoff," he said.

"Basically, if this ability for money laundering and tax evasion, the demand is a real bitcoin transaction means is very small, the former economy minister interpretation of international monetary fund.

The illegal trade in bitcoin is usually assigned to the $Anstey shone, founder and chairman of the blockchain intelligence group are wrong, the number of illegal transactions reduced by 20% bitcoin in 2016, especially in 2017 to reduce the more.

Countries in the world, Japan is the only lawful currency bitcoin is a digital, last year, the country also acknowledged in the exchange of money.

However, the official intervention still cannot prevent the occurrence of theft number money. In January, about $5 million 300 thousand worth of stolen token in exchange coin check Japan's most prestigious. In South Korea, the government issued a decree banning the virtual currency transactions account number.

A week after the $11000 threshold. X NH said this morning in Vietnam now, bitcoin can run the level of $11.700, the average value of the threshold by 50 days to see an important ability for the future rose nearly before the relief back.

This amount of money is reduced by about 16% in 2018 from the beginning to now. The highest bitcoin is nearly $20000 / in December 2017.

A reason to stop officials insist that this is the money counting money behind the technology, you confirm Rogoff.

"They want the technology development," he said, the Rogoff private enterprise of history "in the history of the invention of everything from coins to paper currency.

Bitcoin is a technical term used in blockchain - a technology that allows only authorized account transaction records and maintenance.

This is not the first time Rogoff economists predict bitcoin sales. Selling power in the bitcoin rate fell in December last year, if you had said the price of money will decline, because the government fears.