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Avery Pennarun
CEO of Tailscale
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They Weren't the Only Ones Wrong
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413at the time
“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
$11,350at 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
“You’d Have to Be Insane to Introduce Bitcoin into an Environment that’s Already Corrupt”
— Steve Hanke
$45,597at the time
“Bitcoin Is an Implausible Currency”
— Megan McArdle
$15,189at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is casino chips”
— Avery Pennarun
$60,368at 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 (Nearly) Dead”
— Joe Carter
$662at the time
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205at the time
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413at the time
“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
$11,350at 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
“You’d Have to Be Insane to Introduce Bitcoin into an Environment that’s Already Corrupt”
— Steve Hanke
$45,597at the time
“Bitcoin Is an Implausible Currency”
— Megan McArdle
$15,189at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is casino chips”
— Avery Pennarun
$60,368at 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 (Nearly) Dead”
— Joe Carter
$662at the time
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205at the time
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413at the time
“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
$11,350at 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
“You’d Have to Be Insane to Introduce Bitcoin into an Environment that’s Already Corrupt”
— Steve Hanke
$45,597at the time
“Bitcoin Is an Implausible Currency”
— Megan McArdle
$15,189at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is casino chips”
— Avery Pennarun
$60,368at 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 (Nearly) Dead”
— Joe Carter
$662at the time
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205at the time
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413at the time
“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
$11,350at 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
“You’d Have to Be Insane to Introduce Bitcoin into an Environment that’s Already Corrupt”
— Steve Hanke
$45,597at the time
“Bitcoin Is an Implausible Currency”
— Megan McArdle
$15,189at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“Bitcoin is a bubble. I think a lot of people are going to lose a lot of money.”
— Jim Cramer
$13,227at the time
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161at the time
“Bitcoin is casino chips”
— Avery Pennarun
$60,368at 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 (Nearly) Dead”
— Joe Carter
$662at the time
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205at the time
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Cite this page— APA, MLA, Chicago, BibTeX
Molly White (2026). Molly White — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/molly-white