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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
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,986at the time
“5 Reasons Bitcoin Won't Survive”
— Jesse Cohen
$10,337at the time
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350at the time
“Bitcoin is a public, decentralized ponzi scheme”
— Jamie Dimon
$61,322at 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 looks like it really is a bubble in multiple senses.”
— Paul Krugman
$285at the time
“Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
— Bert Ely
$14,691at the time
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914at the time
“Bitcoin has always been viewed as a currency of resistance -- a way to wrest control over the essence of money away from governments, central bankers and Wall Street.”
— Andrew Leonard
$626at the time
“I think the promise of decentralized finance using blockchain technologies is a real one, but Bitcoin itself may not last much longer.”
— Eswar Prasad
$46,180at the time
“Bitcoin is Evil.”
— Paul Krugman
$728at the time
“Bitcoin is the biggest bubble in human history. It is the mother of all bubbles.”
— Nouriel Roubini
$8,595at the time
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,986at the time
“5 Reasons Bitcoin Won't Survive”
— Jesse Cohen
$10,337at the time
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350at the time
“Bitcoin is a public, decentralized ponzi scheme”
— Jamie Dimon
$61,322at 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 looks like it really is a bubble in multiple senses.”
— Paul Krugman
$285at the time
“Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
— Bert Ely
$14,691at the time
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914at the time
“Bitcoin has always been viewed as a currency of resistance -- a way to wrest control over the essence of money away from governments, central bankers and Wall Street.”
— Andrew Leonard
$626at the time
“I think the promise of decentralized finance using blockchain technologies is a real one, but Bitcoin itself may not last much longer.”
— Eswar Prasad
$46,180at the time
“Bitcoin is Evil.”
— Paul Krugman
$728at the time
“Bitcoin is the biggest bubble in human history. It is the mother of all bubbles.”
— Nouriel Roubini
$8,595at the time
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,986at the time
“5 Reasons Bitcoin Won't Survive”
— Jesse Cohen
$10,337at the time
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350at the time
“Bitcoin is a public, decentralized ponzi scheme”
— Jamie Dimon
$61,322at 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 looks like it really is a bubble in multiple senses.”
— Paul Krugman
$285at the time
“Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
— Bert Ely
$14,691at the time
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914at the time
“Bitcoin has always been viewed as a currency of resistance -- a way to wrest control over the essence of money away from governments, central bankers and Wall Street.”
— Andrew Leonard
$626at the time
“I think the promise of decentralized finance using blockchain technologies is a real one, but Bitcoin itself may not last much longer.”
— Eswar Prasad
$46,180at the time
“Bitcoin is Evil.”
— Paul Krugman
$728at the time
“Bitcoin is the biggest bubble in human history. It is the mother of all bubbles.”
— Nouriel Roubini
$8,595at the time
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,986at the time
“5 Reasons Bitcoin Won't Survive”
— Jesse Cohen
$10,337at the time
“This is a speculative frenzy. Right now, this is a bubble. It's a cult. When you're in it, obviously you need more people to believe in it, because the price can only go up if other people buy in. In that sense it's a natural Ponzi scheme – a lot of it is just plain greed.”
— Peter Schiff
$4,350at the time
“Bitcoin is a public, decentralized ponzi scheme”
— Jamie Dimon
$61,322at 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 looks like it really is a bubble in multiple senses.”
— Paul Krugman
$285at the time
“Meanwhile bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value.”
— Bert Ely
$14,691at the time
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914at the time
“Bitcoin has always been viewed as a currency of resistance -- a way to wrest control over the essence of money away from governments, central bankers and Wall Street.”
— Andrew Leonard
$626at the time
“I think the promise of decentralized finance using blockchain technologies is a real one, but Bitcoin itself may not last much longer.”
— Eswar Prasad
$46,180at the time
“Bitcoin is Evil.”
— Paul Krugman
$728at the time
“Bitcoin is the biggest bubble in human history. It is the mother of all bubbles.”
— Nouriel Roubini
$8,595at the time
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Matt O'Brien (2026). Matt O'Brien — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/matt-obrien