Avery Pennarun

    Avery Pennarun

    CEO of Tailscale

    Tech
    5quotes
    5posters

    5 wrong calls across 11 years of denial. 5 framed for posterity. No signs of stopping.

    The Greatest Misses

    "casino chips" — Avery Pennarun, 2021. Bitcoin prediction poster.
    "casino chips" — Avery Pennarun, 2021. Bitcoin prediction poster.

    “Bitcoin is casino chips”

    Avery Pennarun - Bitcoin criticAvery Pennarun

    CEO of Tailscale

    $60,368·
    "pointless busywork" — Avery Pennarun, 2011. Bitcoin prediction poster.
    "pointless busywork" — Avery Pennarun, 2011. Bitcoin prediction poster.

    “Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”

    Avery Pennarun - Bitcoin criticAvery Pennarun

    CEO of Tailscale

    $4·
    "will fail" — Avery Pennarun, 2011. Bitcoin prediction poster.
    "will fail" — Avery Pennarun, 2011. Bitcoin prediction poster.

    “Why bitcoin will fail”

    Avery Pennarun - Bitcoin criticAvery Pennarun

    CEO of Tailscale

    $4·
    "lures" — Avery Pennarun, 2011. Bitcoin prediction poster.
    "lures" — Avery Pennarun, 2011. Bitcoin prediction poster.

    “One of the lures of bitcoin is the idea of taking power away from the people in power.”

    Avery Pennarun - Bitcoin criticAvery Pennarun

    CEO of Tailscale

    $4·
    "won't work" — Avery Pennarun, 2011. Bitcoin prediction poster.
    "won't work" — Avery Pennarun, 2011. Bitcoin prediction poster.

    “Asking why I think bitcoin won't work is like asking why the sky isn't red.”

    Avery Pennarun - Bitcoin criticAvery Pennarun

    CEO of Tailscale

    $4·

    They Weren't the Only Ones Wrong

    James Woods wrong Bitcoin prediction poster

    “#Bitcoin is the #BeanieBabies of the modern era. Good luck!”

    — James Woods

    $15,379

    Joe Carter wrong Bitcoin prediction poster

    “Bitcoin is (Nearly) Dead”

    — Joe Carter

    $662

    Jack Ma wrong Bitcoin prediction poster

    “First, blockchain is not a bubble, but Bitcoin is a bubble.”

    — Jack Ma

    $6,248

    Paul Krugman wrong Bitcoin prediction poster

    “Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”

    — Paul Krugman

    $30,416

    Josh Williams wrong Bitcoin prediction poster

    “(...) Bitcoin could remain irrationally valuable for a long while yet.”

    — Josh Williams

    $35,671

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”

    — Jamie Dimon

    $4,161

    Donald Trump wrong Bitcoin prediction poster

    “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

    — Donald Trump

    $11,350

    Paul Krugman wrong Bitcoin prediction poster

    “Bitcoin is Evil.”

    — Paul Krugman

    $728

    Charlie Munger wrong Bitcoin prediction poster

    “Bitcoin is noxious poison”

    — Charlie Munger

    $9,875

    Pascal Bouvier wrong Bitcoin prediction poster

    “Bitcoin is dead”

    — Pascal Bouvier

    $238

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s worse than tulip bulbs … it will be the emperor with no clothes”

    — Jamie Dimon

    $4,207

    Robin Brooks wrong Bitcoin prediction poster

    “So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”

    — Robin Brooks

    $24,760

    James Woods wrong Bitcoin prediction poster

    “#Bitcoin is the #BeanieBabies of the modern era. Good luck!”

    — James Woods

    $15,379

    Joe Carter wrong Bitcoin prediction poster

    “Bitcoin is (Nearly) Dead”

    — Joe Carter

    $662

    Jack Ma wrong Bitcoin prediction poster

    “First, blockchain is not a bubble, but Bitcoin is a bubble.”

    — Jack Ma

    $6,248

    Paul Krugman wrong Bitcoin prediction poster

    “Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”

    — Paul Krugman

    $30,416

    Josh Williams wrong Bitcoin prediction poster

    “(...) Bitcoin could remain irrationally valuable for a long while yet.”

    — Josh Williams

    $35,671

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”

    — Jamie Dimon

    $4,161

    Donald Trump wrong Bitcoin prediction poster

    “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

    — Donald Trump

    $11,350

    Paul Krugman wrong Bitcoin prediction poster

    “Bitcoin is Evil.”

    — Paul Krugman

    $728

    Charlie Munger wrong Bitcoin prediction poster

    “Bitcoin is noxious poison”

    — Charlie Munger

    $9,875

    Pascal Bouvier wrong Bitcoin prediction poster

    “Bitcoin is dead”

    — Pascal Bouvier

    $238

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s worse than tulip bulbs … it will be the emperor with no clothes”

    — Jamie Dimon

    $4,207

    Robin Brooks wrong Bitcoin prediction poster

    “So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”

    — Robin Brooks

    $24,760

    James Woods wrong Bitcoin prediction poster

    “#Bitcoin is the #BeanieBabies of the modern era. Good luck!”

    — James Woods

    $15,379

    Joe Carter wrong Bitcoin prediction poster

    “Bitcoin is (Nearly) Dead”

    — Joe Carter

    $662

    Jack Ma wrong Bitcoin prediction poster

    “First, blockchain is not a bubble, but Bitcoin is a bubble.”

    — Jack Ma

    $6,248

    Paul Krugman wrong Bitcoin prediction poster

    “Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”

    — Paul Krugman

    $30,416

    Josh Williams wrong Bitcoin prediction poster

    “(...) Bitcoin could remain irrationally valuable for a long while yet.”

    — Josh Williams

    $35,671

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”

    — Jamie Dimon

    $4,161

    Donald Trump wrong Bitcoin prediction poster

    “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

    — Donald Trump

    $11,350

    Paul Krugman wrong Bitcoin prediction poster

    “Bitcoin is Evil.”

    — Paul Krugman

    $728

    Charlie Munger wrong Bitcoin prediction poster

    “Bitcoin is noxious poison”

    — Charlie Munger

    $9,875

    Pascal Bouvier wrong Bitcoin prediction poster

    “Bitcoin is dead”

    — Pascal Bouvier

    $238

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s worse than tulip bulbs … it will be the emperor with no clothes”

    — Jamie Dimon

    $4,207

    Robin Brooks wrong Bitcoin prediction poster

    “So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”

    — Robin Brooks

    $24,760

    James Woods wrong Bitcoin prediction poster

    “#Bitcoin is the #BeanieBabies of the modern era. Good luck!”

    — James Woods

    $15,379

    Joe Carter wrong Bitcoin prediction poster

    “Bitcoin is (Nearly) Dead”

    — Joe Carter

    $662

    Jack Ma wrong Bitcoin prediction poster

    “First, blockchain is not a bubble, but Bitcoin is a bubble.”

    — Jack Ma

    $6,248

    Paul Krugman wrong Bitcoin prediction poster

    “Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”

    — Paul Krugman

    $30,416

    Josh Williams wrong Bitcoin prediction poster

    “(...) Bitcoin could remain irrationally valuable for a long while yet.”

    — Josh Williams

    $35,671

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s a fraud and honestly I’m just shocked anyone can’t see it for what it is.”

    — Jamie Dimon

    $4,161

    Donald Trump wrong Bitcoin prediction poster

    “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”

    — Donald Trump

    $11,350

    Paul Krugman wrong Bitcoin prediction poster

    “Bitcoin is Evil.”

    — Paul Krugman

    $728

    Charlie Munger wrong Bitcoin prediction poster

    “Bitcoin is noxious poison”

    — Charlie Munger

    $9,875

    Pascal Bouvier wrong Bitcoin prediction poster

    “Bitcoin is dead”

    — Pascal Bouvier

    $238

    Jamie Dimon wrong Bitcoin prediction poster

    “It’s worse than tulip bulbs … it will be the emperor with no clothes”

    — Jamie Dimon

    $4,207

    Robin Brooks wrong Bitcoin prediction poster

    “So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”

    — Robin Brooks

    $24,760

    Birds of a Feather

    Same energy, same bad takes.

    David Taylor
    View quotes & posters →

    David Taylor

    Developer

    David Taylor
    View quotes & posters →

    David Taylor

    Developer

    David Taylor
    View quotes & posters →

    David Taylor

    Developer

    Buttcoiners.love collects the most spectacularly wrong Bitcoin predictions and turns them into art. Because nothing ages like bad takes.

    Cite this page— APA, MLA, Chicago, BibTeX
    Avery Pennarun (2026). Avery Pennarun — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/avery-pennarun