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Bitcoin Naysayer from Harvard Changes His Sceptical Opinion of Crypto
Earlier in March, Niall Ferguson, an economist-historian from Harvard University who wrote the book “The Ascent of Money”, participated in a business summit in Australia.
Mentioning his previous public speeches, he admitted that he was wrong when he called Bitcoin and DLT-powered platforms a total delusion.
Courage to admit one’s mistakes
Previously, the man also regretted that he ignored his son’s advice and refused to buy Bitcoin in 2014. Now he calls this the worst investment step he has ever made.
Saying that, he stated that if he had followed the advice of his teenage son, he would have increased his investment capital by nearly 4,500 percent when Bitcoin hit its ATH in December 2017.
When it comes to technologies, he regrettably admitted that one should listen to teenagers.
Alex DovbnyaJumping on the crypto bandwagon
Now Ferguson seems to have joined the camp of financial industry big-names who have become enthusiastic about crypto and Bitcoin in particular. Among those are Twitter CEO Jack Dorsey, Apple co-founder Steve Wozniak and Elon Musk, Tesla CEO.
These three outstanding figures state that the history of digital tokens has just begun.
The Twitter CEO recently announced that he has been purchasing Bitcoin for $10,000 per week – the maximum that his Cash App allows one to invest in BTC.
Musk astonished everyone last year and also recently, praising Bitcoin for its structure, saying that paper money is about to go into the past and that he might be getting into BTC soon.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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