In 2018, Harvard economist Kenneth Rogoff expressed skepticism about Bitcoin's potential, suggesting it was more likely to fall to $100 than rise to $100,000 within a decade. Contrary to this prediction, by 2025 Harvard University has acquired over $116 million worth of Bitcoin at a price of $116,000 per coin, holding more Bitcoin than gold in its endowment. This shift reflects a broader trend of increased institutional adoption of cryptocurrency. Additionally, Bitcoin's market value has surged significantly, nearly doubling from $64,000 in May 2024 to $121,000 in 2025. Despite earlier criticisms from figures like Peter Zeihan, who in 2023 claimed Bitcoin had no intrinsic value and would eventually lose all value, the cryptocurrency has appreciated by over 500% since then.