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
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“Bitcoin is casino chips”
— Avery Pennarun
$60,368
“(...) Bitcoin is dead.”
— Rafi Farber
$61,322
“The Bitcoin Bubble Has Burst”
— Robert Nielsen
$83
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history.”
— Peter Schiff
$81,483
“#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.”
— Peter Schiff
$81,483
“It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view.”
— Warren Buffett
$629
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin ain't money”
— Peter Schiff
$4,350
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“Bitcoin is casino chips”
— Avery Pennarun
$60,368
“(...) Bitcoin is dead.”
— Rafi Farber
$61,322
“The Bitcoin Bubble Has Burst”
— Robert Nielsen
$83
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history.”
— Peter Schiff
$81,483
“#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.”
— Peter Schiff
$81,483
“It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view.”
— Warren Buffett
$629
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin ain't money”
— Peter Schiff
$4,350
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“Bitcoin is casino chips”
— Avery Pennarun
$60,368
“(...) Bitcoin is dead.”
— Rafi Farber
$61,322
“The Bitcoin Bubble Has Burst”
— Robert Nielsen
$83
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history.”
— Peter Schiff
$81,483
“#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.”
— Peter Schiff
$81,483
“It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view.”
— Warren Buffett
$629
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin ain't money”
— Peter Schiff
$4,350
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“Bitcoin is casino chips”
— Avery Pennarun
$60,368
“(...) Bitcoin is dead.”
— Rafi Farber
$61,322
“The Bitcoin Bubble Has Burst”
— Robert Nielsen
$83
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history.”
— Peter Schiff
$81,483
“#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.”
— Peter Schiff
$81,483
“It's a mirage basically. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money just because they can transmit money? I hope bitcoin becomes a better way of doing it but you can replicate it a bunch of different ways. The idea that it has some huge intrinsic value is just a joke in my view.”
— Warren Buffett
$629
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin ain't money”
— Peter Schiff
$4,350
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
Birds of a Feather
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Cite this page— APA, MLA, Chicago, BibTeX
David M. Webb (2026). David M. Webb — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/david-m-webb