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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: The Emperor’s New Clothes”
— Keith Parkins
$382at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“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
$55,685at the time
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052at 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
“It’s got a magic to it and people have attached magic to lots of things.”
— Warren Buffett
$37,649at the time
“Bitcoin is nothing.”
— Andy Kessler
$33,120at the time
“”
— Kevin Dowd
$47,070at the time
“I personally think that bitcoin is worthless.”
— Jamie Dimon
$57,490at the time
“So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”
— Robin Brooks
$24,760at the time
“Bitcoin is a joke perpetuated on a gullible investing public.”
— John Q. Public
$624at the time
“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
$629at the time
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“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
$55,685at the time
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052at 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
“It’s got a magic to it and people have attached magic to lots of things.”
— Warren Buffett
$37,649at the time
“Bitcoin is nothing.”
— Andy Kessler
$33,120at the time
“”
— Kevin Dowd
$47,070at the time
“I personally think that bitcoin is worthless.”
— Jamie Dimon
$57,490at the time
“So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”
— Robin Brooks
$24,760at the time
“Bitcoin is a joke perpetuated on a gullible investing public.”
— John Q. Public
$624at the time
“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
$629at the time
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“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
$55,685at the time
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052at 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
“It’s got a magic to it and people have attached magic to lots of things.”
— Warren Buffett
$37,649at the time
“Bitcoin is nothing.”
— Andy Kessler
$33,120at the time
“”
— Kevin Dowd
$47,070at the time
“I personally think that bitcoin is worthless.”
— Jamie Dimon
$57,490at the time
“So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”
— Robin Brooks
$24,760at the time
“Bitcoin is a joke perpetuated on a gullible investing public.”
— John Q. Public
$624at the time
“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
$629at the time
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“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
$55,685at the time
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052at 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
“It’s got a magic to it and people have attached magic to lots of things.”
— Warren Buffett
$37,649at the time
“Bitcoin is nothing.”
— Andy Kessler
$33,120at the time
“”
— Kevin Dowd
$47,070at the time
“I personally think that bitcoin is worthless.”
— Jamie Dimon
$57,490at the time
“So it turns out that Bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara Bitcoin...”
— Robin Brooks
$24,760at the time
“Bitcoin is a joke perpetuated on a gullible investing public.”
— John Q. Public
$624at the time
“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
$629at the time
Birds of a Feather
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Cite this page— APA, MLA, Chicago, BibTeX
Jim Rickards (2026). Jim Rickards — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/jim-rickards