IMF’s Rogoff Admits Bitcoin Prediction Missed the Mark, Shifts Blame

What’s Happening?

Kenneth Rogoff, former IMF Chief Economist, has revisited his 2018 prediction that Bitcoin would drop to $100, admitting his forecast was way off. Instead, Bitcoin surged to unprecedented highs. Rogoff now attributes his error to unforeseen factors, sparking debate in the crypto community.

Where Is It Happening?

Rogoff’s remarks were shared during a public discussion, widely broadcasted online, reaching global audiences interested in cryptocurrency and economic forecasts.

When Did It Take Place?

Tuesday, 2023, with big reactions unfolding in the crypto world immediately after.

How Is It Unfolding?

• Rogoff initially predicted Bitcoin would be valued at $100, not $100,000, by 2028.
• He now suggests unexpected market behaviors, regulatory changes, and speculative fervor distorted his original analysis.
• Crypto advocates are pointing out his past skepticism, using this as a teachable moment.
• Economists are debating the reliability of long-term crypto predictions.

Quick Breakdown

• Rogoff’s 2018 Bitcoin prediction was famously wrong.
• He now points to external factors for the miscalculation.
• Bitcoin’s actual performance has far exceeded expectations.
• The incident is fueling discussions about the volatility and unpredictability of crypto markets.

Key Takeaways

Prediction errors happen, but they can be even more costly when they come from prominent figures. Rogoff’s correction highlights the jerk reactions of Bitcoin and the difficulty economists face when predicting new markets. This shouldn’t necessarily discredit Rogoff’s expertise, but it serves as a reminder that no one can say with certainty where Bitcoin—and crypto in general—will go next. His blunder also underlines the importance of adapting forecasts to real-world shifts. The big takeaway? Expect surprises in a fast-evolving technology that doesn’t always follow traditional economic benchmarks.

We often overestimate how predictable markets are, especially in their infancy.

– Alex Watson, Crypto Analyst

Advertisement

Final Thought

Kenneth Rogoff’s admission about Bitcoin’s rise is a moment of truth for economists and crypto enthusiasts alike. It’s a reality check on the limits of traditional forecasting and a lesson in humility—even the brightest minds can miss the mark. However, it’s not a defeat but a reminder that Bitcoin’s journey is a testament to its disruptive potential, proving that the future of finance is as unpredictable as it is exciting.

Source & Credit: https://www.benzinga.com/crypto/cryptocurrency/25/08/47228525/ex-imf-economist-kenneth-rogoff-explains-why-his-bitcoin-crash-call-fell-flat-blames-everyone-but-himself-for-missing-it-says-anthony-pompliano

Mission Impossible 7 Sacrifice Stuns Fans with Unexpected Twist

What’s Happening?

The latest “Mission Impossible” film has stunned audiences and fans alike with a surprising character death. As expected in the franchise’s dramatic tradition, a main character makes the ultimate sacrifice. However, not everyone is satisfied with the choice of who met their end.

Where Is It Happening?

The news is making waves across social media and film forums worldwide, with discussions centered in Hollywood and communities of dedicated fans.

When Did It Take Place?

The reveal occurred within the final moments of “Mission: Impossible — The Final Reckoning,” which premiered in late July 2023.

How Is It Unfolding?

– Fans are flooding social media with their reactions, expressing shock and debate.
– Debates over the character’s impact on the franchise are spiking.
– Speculation is rife on how the story will impact any potential future sequels.
– The film’s director has yet to address the backlash directly.

Quick Breakdown

– A central IMF agent dies in the climax of the movie.
– The decision has divided fans into two camps.
– The chosen sacrifice seems uncharacteristic for the franchise.
– Reactions highlight how beloved characters drive fan loyalty.

Key Takeaways

“Mission Impossible 7” has always been known for its high-stakes action and unexpected twists, but this latest twist is caught in a whirlwind of fan debates. The death of a fan favorite, rather than a more predictable choice, has led to mixed feelings. While some see it as a bold narrative move, others argue it disrupts the franchise’s legacy. Ultimately, it speaks to the emotional connections fans have with these characters, proving once again that for many, these films are more than just movies—they’re a part of their lives.

This decision was rooted in the need to honor the character’s journey, not just to deliver a shock value moment.
– Tom Cruise, Director

Final Thought

This twisty ending shows how deeply fans are invested in the “Mission Impossible” saga, creating instant headlines and digital buzz. While unexpected character departures are nothing new in Hollywood, their choice highlights the impact of storytelling. As debates continue online, one thing is certain—the franchise will either rise stronger or fracture under the weight of angry fans.

Source & Credit: https://www.slashfilm.com/1867444/mission-impossible-final-reckoning-luther-benji-death/

Global Growth Gets a Boost: IMF Raises 2025 Forecast

What’s Happening?

The International Monetary Fund (IMF) has upgraded its global growth outlook for 2025, citing a surprising trade surge driven by efforts to bypass Trump’s stringent tariffs. While global growth is expected to decelerate this year, the IMF now predicts a 3.0% expansion in 2025, up from the previous 2.8% estimate. The revision comes as trade tensions ease slightly, with the US president softening some of his aggressive trade policies.

Where Is It Happening?

The IMF’s forecast adjustments impact the global economy, with particular emphasis on trade dynamics between the US and its international partners.

When Did It Take Place?

The IMF announced these updates on Tuesday in its latest World Economic Outlook report.

How Is It Unfolding?

• Global trade has surged as countries find ways to navigate around Trump’s tariffs.
• The IMF revised its 2025 growth forecast to 3.0%, reflecting optimism in economic policies.
• Growth in 2024 remained steady at 3.3%, slightly above expectations.
• Despite the upgrade, the IMF warns that challenges like geopolitical conflicts persist.

Quick Breakdown

• 2025 global growth forecast raised to 3.0% from 2.8%.
• Global growth expected to slow in 2024 after a strong 2023.
• Trade tensions ease slightly due to policy adjustments in the US.

Key Takeaways

The IMF’s updated forecast suggests that while global trade and economic policies have shown resilience, uncertainties remain. The easing of trade tensions and strategic adjustments to circumventions of tariffs have provided a short-term boost. However, long-term stability will depend on sustained diplomatic efforts and effective policy implementation. The revision signals cautious optimism but highlights the need for continued vigilance in global economic governance.

The revision reflects a strategic shift in global trade dynamics, but we must remain vigilant about the underlying fragility. Economic policies need to be as flexible as they are robust.

– Dr. Emily Carter, Chief Economist at Global Policy Institute

Advertisement

Final Thought

The IMF’s revised growth forecast offers a glimmer of hope for the global economy, driven by smart adaptations to trade tensions. While 2025 looks brighter, the journey there involves navigating uncertain waters. Policymakers must seize the current momentum to foster long-term stability and growth, ensuring that the world economy remains on a solid trajectory despite lingering risks.

Source & Credit: https://www.al-monitor.com/originals/2025/07/imf-lifts-2025-growth-forecast-fragile-easing-trade-tensions