2 wrong calls across 1 years of denial. 2 framed for posterity. No signs of stopping.
The Greatest Misses
“Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
$14,691·
They Weren't the Only Ones Wrong
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“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
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838
“If we now say ok, bitcoins. What about platinum? What about coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why Bitcoin?”
— Lesetja Kganyago
$105,559
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“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
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838
“If we now say ok, bitcoins. What about platinum? What about coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why Bitcoin?”
— Lesetja Kganyago
$105,559
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“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
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838
“If we now say ok, bitcoins. What about platinum? What about coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why Bitcoin?”
— Lesetja Kganyago
$105,559
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“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
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838
“If we now say ok, bitcoins. What about platinum? What about coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why Bitcoin?”
— Lesetja Kganyago
$105,559
Birds of a Feather
Same energy, same bad takes.
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Bert Ely (2026). Bert Ely — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/bert-ely