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Alex Brummer
Financial Editor
No bad takes on record — yet. We're keeping score.
They Weren't the Only Ones Wrong
“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
$30,416at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“”
— Kevin Dowd
$47,070at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“Bitcoin, 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.”
— Taavet Hinrikus
$428at 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
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624at the time
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914at the time
“There is also the argument that the price of bitcoin must go to zero because an inferior product cannot survive long-term in the absence of regulatory barriers to entry.”
— Kevin Dowd
$47,070at the time
“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
$11,350at the time
“Bitcoin has no intrinsic value but I applaud your ability to want to buy or sell it, just like I think you have the right to smoke.”
— Jamie Dimon
$94,575at the time
“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
$30,416at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“”
— Kevin Dowd
$47,070at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“Bitcoin, 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.”
— Taavet Hinrikus
$428at 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
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624at the time
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914at the time
“There is also the argument that the price of bitcoin must go to zero because an inferior product cannot survive long-term in the absence of regulatory barriers to entry.”
— Kevin Dowd
$47,070at the time
“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
$11,350at the time
“Bitcoin has no intrinsic value but I applaud your ability to want to buy or sell it, just like I think you have the right to smoke.”
— Jamie Dimon
$94,575at the time
“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
$30,416at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“”
— Kevin Dowd
$47,070at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“Bitcoin, 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.”
— Taavet Hinrikus
$428at 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
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624at the time
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914at the time
“There is also the argument that the price of bitcoin must go to zero because an inferior product cannot survive long-term in the absence of regulatory barriers to entry.”
— Kevin Dowd
$47,070at the time
“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
$11,350at the time
“Bitcoin has no intrinsic value but I applaud your ability to want to buy or sell it, just like I think you have the right to smoke.”
— Jamie Dimon
$94,575at the time
“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
$30,416at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
— Peter Schiff
$65,992at the time
“”
— Kevin Dowd
$47,070at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“Bitcoin, 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.”
— Taavet Hinrikus
$428at 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
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624at the time
“I just don't believe in this bitcoin thing.”
— Prince Alwaleed
$5,914at the time
“There is also the argument that the price of bitcoin must go to zero because an inferior product cannot survive long-term in the absence of regulatory barriers to entry.”
— Kevin Dowd
$47,070at the time
“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
$11,350at the time
“Bitcoin has no intrinsic value but I applaud your ability to want to buy or sell it, just like I think you have the right to smoke.”
— Jamie Dimon
$94,575at the time
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Cite this page— APA, MLA, Chicago, BibTeX
Hamilton Nolan (2026). Hamilton Nolan — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/hamilton-nolan