“Crypto-assets such as Bitcoin are digital tulips.”
$101,413·
Dr Joachim Nagel
President of Deutsche Bundesbank
Economics
2quotes
2posters
2 wrong calls across 1 years of denial. 2 framed for posterity. No signs of stopping.
The Greatest Misses
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
$101,413·
They Weren't the Only Ones Wrong
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“”
— Jordan Belfort
$6,177
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
— Stephen Isaacs
$55,685
“I’d 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.”
— Kevin Drum
$311
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“The idea that desperately poor people with limited access to basic necessities will have the technology and the expertise (or need) to use bitcoin is laughable. It is delusional to believe that Bitcoin will be saved by people without access to running water. The people of the Third World have bigger concerns than a decentralised peer-to-peer electronic currency.”
— Robert Nielsen
$217
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207
“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
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“”
— Jordan Belfort
$6,177
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
— Stephen Isaacs
$55,685
“I’d 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.”
— Kevin Drum
$311
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“The idea that desperately poor people with limited access to basic necessities will have the technology and the expertise (or need) to use bitcoin is laughable. It is delusional to believe that Bitcoin will be saved by people without access to running water. The people of the Third World have bigger concerns than a decentralised peer-to-peer electronic currency.”
— Robert Nielsen
$217
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207
“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
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“”
— Jordan Belfort
$6,177
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
— Stephen Isaacs
$55,685
“I’d 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.”
— Kevin Drum
$311
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“The idea that desperately poor people with limited access to basic necessities will have the technology and the expertise (or need) to use bitcoin is laughable. It is delusional to believe that Bitcoin will be saved by people without access to running water. The people of the Third World have bigger concerns than a decentralised peer-to-peer electronic currency.”
— Robert Nielsen
$217
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207
“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
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“”
— Jordan Belfort
$6,177
“I don’t know where it will end or how it will end, but it will end. And when it ends, it will be ugly because there will be nothing there.”
— Stephen Isaacs
$55,685
“I’d 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.”
— Kevin Drum
$311
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“The idea that desperately poor people with limited access to basic necessities will have the technology and the expertise (or need) to use bitcoin is laughable. It is delusional to believe that Bitcoin will be saved by people without access to running water. The people of the Third World have bigger concerns than a decentralised peer-to-peer electronic currency.”
— Robert Nielsen
$217
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207
“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
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
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Cite this page— APA, MLA, Chicago, BibTeX
Dr Joachim Nagel (2026). Dr Joachim Nagel — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/dr-joachim-nagel