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Agustín Carstens
General Manager of BIS
Ben Kramer-Miller
Financial Analyst
Finance
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They Weren't the Only Ones Wrong
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“For those who had assumed that it might turn into a currency -- terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity.”
— Christine Lagarde
$37,386
“Getting poorer with Bitcoin”
— Dave Harper
$5,673
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin is a fraud.”
— Jordan Belfort
$4,161
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838
“Bitcoin will eventually collapse under the weight of its own absurdity, as all speculative assets have before it.”
— Josh Williams
$35,671
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“For those who had assumed that it might turn into a currency -- terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity.”
— Christine Lagarde
$37,386
“Getting poorer with Bitcoin”
— Dave Harper
$5,673
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin is a fraud.”
— Jordan Belfort
$4,161
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838
“Bitcoin will eventually collapse under the weight of its own absurdity, as all speculative assets have before it.”
— Josh Williams
$35,671
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“For those who had assumed that it might turn into a currency -- terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity.”
— Christine Lagarde
$37,386
“Getting poorer with Bitcoin”
— Dave Harper
$5,673
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin is a fraud.”
— Jordan Belfort
$4,161
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838
“Bitcoin will eventually collapse under the weight of its own absurdity, as all speculative assets have before it.”
— Josh Williams
$35,671
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“For those who had assumed that it might turn into a currency -- terribly sorry, but this is an asset and it’s a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity.”
— Christine Lagarde
$37,386
“Getting poorer with Bitcoin”
— Dave Harper
$5,673
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“Bitcoin has no real value.”
— Jim Cramer
$20,175
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin is a fraud.”
— Jordan Belfort
$4,161
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838
“Bitcoin will eventually collapse under the weight of its own absurdity, as all speculative assets have before it.”
— Josh Williams
$35,671
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Cite this page— APA, MLA, Chicago, BibTeX
Ben Kramer-Miller (2026). Ben Kramer-Miller — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/ben-kramer-miller