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
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“”
— Kevin Dowd
$47,070
“One of the signs that Bitcoin is dying is that hardly anyone actually uses the currency.”
— Robert Nielsen
$217
“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
“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
$105,559
“Bitcoin isn't cyberpunk fantasy and it isn't a Thomas Pynchon novel. It's dull. The thrill is gone. And that's why people are so mad.”
— Andrew Leonard
$626
“#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
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“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
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“”
— Kevin Dowd
$47,070
“One of the signs that Bitcoin is dying is that hardly anyone actually uses the currency.”
— Robert Nielsen
$217
“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
“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
$105,559
“Bitcoin isn't cyberpunk fantasy and it isn't a Thomas Pynchon novel. It's dull. The thrill is gone. And that's why people are so mad.”
— Andrew Leonard
$626
“#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
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“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
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“”
— Kevin Dowd
$47,070
“One of the signs that Bitcoin is dying is that hardly anyone actually uses the currency.”
— Robert Nielsen
$217
“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
“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
$105,559
“Bitcoin isn't cyberpunk fantasy and it isn't a Thomas Pynchon novel. It's dull. The thrill is gone. And that's why people are so mad.”
— Andrew Leonard
$626
“#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
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“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
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“”
— Kevin Dowd
$47,070
“One of the signs that Bitcoin is dying is that hardly anyone actually uses the currency.”
— Robert Nielsen
$217
“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
“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
$105,559
“Bitcoin isn't cyberpunk fantasy and it isn't a Thomas Pynchon novel. It's dull. The thrill is gone. And that's why people are so mad.”
— Andrew Leonard
$626
“#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
“Bitcoin is not real money... it's speculation.”
— Vítor Constâncio
$3,686
“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
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
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Cite this page— APA, MLA, Chicago, BibTeX
Karen Webster (2026). Karen Webster — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/karen-webster