1 wrong call across 1 years of denial. 1 framed for posterity. No signs of stopping.
The Greatest Misses
They Weren't the Only Ones Wrong
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”
— Jamie Dimon
$4,161
“Why Bitcoin can’t be a currency”
— The Underground Economist
$0
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks.”
— Paul Krugman
$38,483
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”
— Jamie Dimon
$4,161
“Why Bitcoin can’t be a currency”
— The Underground Economist
$0
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks.”
— Paul Krugman
$38,483
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”
— Jamie Dimon
$4,161
“Why Bitcoin can’t be a currency”
— The Underground Economist
$0
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks.”
— Paul Krugman
$38,483
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”
— Jamie Dimon
$4,161
“Why Bitcoin can’t be a currency”
— The Underground Economist
$0
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks.”
— Paul Krugman
$38,483
Birds of a Feather
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Cite this page— APA, MLA, Chicago, BibTeX
Andy Kessler (2026). Andy Kessler — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/andy-kessler