Ken Rogoff on the next financial crisis and the future of bitcoin

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January 31, 2018 5:14 PM

Economist Ken Rogoff on the likelihood of the next financial crisis and the future value of bitcoin and other cryptocurrencies

Economist Ken Rogoff thinks the biggest concern for markets is the Fed raising rates more than the markets expect which he says "absolutely could happen." Rogoff says quantitative easing unwinding is a non-event.

Rogoff believes cryptocurrencies will eventually be regulated and issued by the government. He thinks they will follow the same trend as standard coinage and paper currency where the private sector invented it, but the government regulated it and took it over.

Rogoff says that people should be paying attention to the low volatility index. He is optimistic but he hasn't seen complacency like this since 2006.

Business Insider's Sara Silverstein spoke with former IMF chief economist Ken Rogoff at the World Economic Forum in Davos, Switzerland. Rogoff is the author of "The Curse of Cash" and is a professor at Harvard University.

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