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Alex Brummer
Financial Editor
Mencius Moldbug
Writer
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They Weren't the Only Ones Wrong
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338at the time
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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 ain't money”
— Peter Schiff
$4,350at the time
“Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.”
— Alan Greenspan
$15,927at the time
“Bitcoin is a bubble, a Ponzi scheme and an environmental disaster.”
— Agustín Carstens
$8,093at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at 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
$14,550at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338at the time
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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 ain't money”
— Peter Schiff
$4,350at the time
“Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.”
— Alan Greenspan
$15,927at the time
“Bitcoin is a bubble, a Ponzi scheme and an environmental disaster.”
— Agustín Carstens
$8,093at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at 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
$14,550at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338at the time
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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 ain't money”
— Peter Schiff
$4,350at the time
“Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.”
— Alan Greenspan
$15,927at the time
“Bitcoin is a bubble, a Ponzi scheme and an environmental disaster.”
— Agustín Carstens
$8,093at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at 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
$14,550at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
“To many, Bitcoin’s appeal is not just pecuniary, it is political.”
— Josh Williams
$35,671at the time
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338at the time
“It’s worse than tulip bulbs … it will be the emperor with no clothes”
— Jamie Dimon
$4,207at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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 ain't money”
— Peter Schiff
$4,350at the time
“Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.”
— Alan Greenspan
$15,927at the time
“Bitcoin is a bubble, a Ponzi scheme and an environmental disaster.”
— Agustín Carstens
$8,093at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at 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
$14,550at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at the time
“There is no real demand for bitcoin.”
— Peter Schiff
$26,838at the time
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Mencius Moldbug (2026). Mencius Moldbug — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/mencius-moldbug