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Agustín Carstens
General Manager of BIS
No bad takes on record — yet. We're keeping score.
They Weren't the Only Ones Wrong
“#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
$81,483at the time
“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
$105,559at the time
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271at the time
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538at the time
“I get a kick out of #Bitcoin fanatics who accuse me of secretly owning Bitcoin, but refusing to publicly wear the ribbon. They are just so drunk on the Kool-Aid that they can't accept that I legitimately disagree with their perspective. I just don't see the emperor's new clothes.”
— Peter Schiff
$60,800at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is over. #RIP”
— Mark Dow
$10,125at the time
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“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
$105,559at the time
“#Bitcoin won't be around a decade from now.”
— Peter Schiff
$40,094at the time
“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
$38,483at the time
“#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
$81,483at the time
“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
$105,559at the time
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271at the time
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538at the time
“I get a kick out of #Bitcoin fanatics who accuse me of secretly owning Bitcoin, but refusing to publicly wear the ribbon. They are just so drunk on the Kool-Aid that they can't accept that I legitimately disagree with their perspective. I just don't see the emperor's new clothes.”
— Peter Schiff
$60,800at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is over. #RIP”
— Mark Dow
$10,125at the time
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“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
$105,559at the time
“#Bitcoin won't be around a decade from now.”
— Peter Schiff
$40,094at the time
“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
$38,483at the time
“#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
$81,483at the time
“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
$105,559at the time
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271at the time
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538at the time
“I get a kick out of #Bitcoin fanatics who accuse me of secretly owning Bitcoin, but refusing to publicly wear the ribbon. They are just so drunk on the Kool-Aid that they can't accept that I legitimately disagree with their perspective. I just don't see the emperor's new clothes.”
— Peter Schiff
$60,800at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is over. #RIP”
— Mark Dow
$10,125at the time
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“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
$105,559at the time
“#Bitcoin won't be around a decade from now.”
— Peter Schiff
$40,094at the time
“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
$38,483at the time
“#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
$81,483at the time
“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
$105,559at the time
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271at the time
“If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538at the time
“I get a kick out of #Bitcoin fanatics who accuse me of secretly owning Bitcoin, but refusing to publicly wear the ribbon. They are just so drunk on the Kool-Aid that they can't accept that I legitimately disagree with their perspective. I just don't see the emperor's new clothes.”
— Peter Schiff
$60,800at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is over. #RIP”
— Mark Dow
$10,125at the time
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“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
$105,559at the time
“#Bitcoin won't be around a decade from now.”
— Peter Schiff
$40,094at the time
“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
$38,483at the time
Birds of a Feather
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Buttcoiners.love collects the most spectacularly wrong Bitcoin predictions and turns them into art. Because nothing ages like bad takes.
Cite this page— APA, MLA, Chicago, BibTeX
Frederic Oudea (2026). Frederic Oudea — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/frederic-oudea