Plot Twist: ₿uyer
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Agustín Carstens
General Manager of BIS
Michael Wiggins De Oliveira
Financial Analyst
Finance
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They Weren't the Only Ones Wrong
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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
“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
“”
— Kevin Dowd
$47,070at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is dead”
— Pascal Bouvier
$238at the time
“Nice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme”
— Paul Krugman
$35,853at the time
“Long-term Bitcoin #HOLDers aren't worried as they've been through 73% declines before. But previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover.”
— Peter Schiff
$18,971at the time
“Bitcoin is the greatest scam in history”
— Bill Harris
$9,648at 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, 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 akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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
“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
“”
— Kevin Dowd
$47,070at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is dead”
— Pascal Bouvier
$238at the time
“Nice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme”
— Paul Krugman
$35,853at the time
“Long-term Bitcoin #HOLDers aren't worried as they've been through 73% declines before. But previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover.”
— Peter Schiff
$18,971at the time
“Bitcoin is the greatest scam in history”
— Bill Harris
$9,648at 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, 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 akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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
“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
“”
— Kevin Dowd
$47,070at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is dead”
— Pascal Bouvier
$238at the time
“Nice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme”
— Paul Krugman
$35,853at the time
“Long-term Bitcoin #HOLDers aren't worried as they've been through 73% declines before. But previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover.”
— Peter Schiff
$18,971at the time
“Bitcoin is the greatest scam in history”
— Bill Harris
$9,648at 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, 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 akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699at the time
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731at 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
“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
“”
— Kevin Dowd
$47,070at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is dead”
— Pascal Bouvier
$238at the time
“Nice essay via FTAlphaville. Bitcoin has clearly failed in its mission to become money, but its value is sustained because it has become a sort of natural Ponzi scheme”
— Paul Krugman
$35,853at the time
“Long-term Bitcoin #HOLDers aren't worried as they've been through 73% declines before. But previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover.”
— Peter Schiff
$18,971at the time
“Bitcoin is the greatest scam in history”
— Bill Harris
$9,648at 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, 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
Birds of a Feather
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Cite this page— APA, MLA, Chicago, BibTeX
Michael Wiggins De Oliveira (2026). Michael Wiggins De Oliveira — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/michael-wiggins-de-oliveira