
Alex Brummer
Financial Editor
No bad takes on record β yet. We're keeping score.

βOne of the lures of bitcoin is the idea of taking power away from the people in power.β
β Avery Pennarun
$4at the time

β(...) Bitcoin is dead.β
β Rafi Farber
$61,322at the time

βI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.β
β Donald Trump
$11,350at the time

βBitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.β
β Taavet Hinrikus
$428at the time

βWhy Bitcoin canβt be a currencyβ
β The Underground Economist
$0at the time

βNice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi schemeβ
β Paul Krugman
$35,853at the time

βIβd say Bitcoin is doomed in the medium-term future. Farrell is right: it can be a bit of a curiosity, but if it ever enjoys wider success, that very success will kill it.β
β Kevin Drum
$311at the time

βThere is no real demand for bitcoin.β
β Peter Schiff
$26,838at the time

β#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.β
β Peter Schiff
$81,483at the time

β#Bitcoin is the #BeanieBabies of the modern era. Good luck!β
β James Woods
$15,379at the time

ββStay away from Bitcoin. It's a mirage.ββ
β Warren Buffett
$629at the time

βIn my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else β and bitcoin does all threeβ
β Charlie Munger
$37,649at the time

βOne of the lures of bitcoin is the idea of taking power away from the people in power.β
β Avery Pennarun
$4at the time

β(...) Bitcoin is dead.β
β Rafi Farber
$61,322at the time

βI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.β
β Donald Trump
$11,350at the time

βBitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.β
β Taavet Hinrikus
$428at the time

βWhy Bitcoin canβt be a currencyβ
β The Underground Economist
$0at the time

βNice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi schemeβ
β Paul Krugman
$35,853at the time

βIβd say Bitcoin is doomed in the medium-term future. Farrell is right: it can be a bit of a curiosity, but if it ever enjoys wider success, that very success will kill it.β
β Kevin Drum
$311at the time

βThere is no real demand for bitcoin.β
β Peter Schiff
$26,838at the time

β#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.β
β Peter Schiff
$81,483at the time

β#Bitcoin is the #BeanieBabies of the modern era. Good luck!β
β James Woods
$15,379at the time

ββStay away from Bitcoin. It's a mirage.ββ
β Warren Buffett
$629at the time

βIn my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else β and bitcoin does all threeβ
β Charlie Munger
$37,649at the time

βOne of the lures of bitcoin is the idea of taking power away from the people in power.β
β Avery Pennarun
$4at the time

β(...) Bitcoin is dead.β
β Rafi Farber
$61,322at the time

βI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.β
β Donald Trump
$11,350at the time

βBitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.β
β Taavet Hinrikus
$428at the time

βWhy Bitcoin canβt be a currencyβ
β The Underground Economist
$0at the time

βNice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi schemeβ
β Paul Krugman
$35,853at the time

βIβd say Bitcoin is doomed in the medium-term future. Farrell is right: it can be a bit of a curiosity, but if it ever enjoys wider success, that very success will kill it.β
β Kevin Drum
$311at the time

βThere is no real demand for bitcoin.β
β Peter Schiff
$26,838at the time

β#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.β
β Peter Schiff
$81,483at the time

β#Bitcoin is the #BeanieBabies of the modern era. Good luck!β
β James Woods
$15,379at the time

ββStay away from Bitcoin. It's a mirage.ββ
β Warren Buffett
$629at the time

βIn my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else β and bitcoin does all threeβ
β Charlie Munger
$37,649at the time

βOne of the lures of bitcoin is the idea of taking power away from the people in power.β
β Avery Pennarun
$4at the time

β(...) Bitcoin is dead.β
β Rafi Farber
$61,322at the time

βI am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.β
β Donald Trump
$11,350at the time

βBitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.β
β Taavet Hinrikus
$428at the time

βWhy Bitcoin canβt be a currencyβ
β The Underground Economist
$0at the time

βNice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi schemeβ
β Paul Krugman
$35,853at the time

βIβd say Bitcoin is doomed in the medium-term future. Farrell is right: it can be a bit of a curiosity, but if it ever enjoys wider success, that very success will kill it.β
β Kevin Drum
$311at the time

βThere is no real demand for bitcoin.β
β Peter Schiff
$26,838at the time

β#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.β
β Peter Schiff
$81,483at the time

β#Bitcoin is the #BeanieBabies of the modern era. Good luck!β
β James Woods
$15,379at the time

ββStay away from Bitcoin. It's a mirage.ββ
β Warren Buffett
$629at the time

βIn my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else β and bitcoin does all threeβ
β Charlie Munger
$37,649at the time
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Dan Olson (2026). Dan Olson β Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/dan-olson