6 wrong calls across 10 years of denial. 6 framed for posterity. No signs of stopping.
“Cryptocurrencies play almost no role in economic transactions other than speculation in crypto markets themselves. And if your answer is ‘give it time,’ you should bear in mind that bitcoin has been around since 2009, which makes it ancient by tech standards; Apple introduced the iPad in 2010.”
“Bitcoin plays into a fantasy of self-sufficient individualism, of protecting your family with your personal AR-15, treating your Covid with an anti-parasite drug or urine and managing your financial affairs with privately created money, untainted by institutions like governments or banks.”
“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”
“Bitcoin looks like it really is a bubble in multiple senses.”
“BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a Libertarian political agenda in mind—to damage states ability to collect tax and monitor their citizens financial transactions.”
“Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
— Taavet Hinrikus
$428
“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
$15,927
“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
$24,760
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“get out if you don't wanna loose all your money”
— Jordan Belfort
$6,177
“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
“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 is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
— Taavet Hinrikus
$428
“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
$15,927
“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
$24,760
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“get out if you don't wanna loose all your money”
— Jordan Belfort
$6,177
“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
“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 is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
— Taavet Hinrikus
$428
“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
$15,927
“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
$24,760
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“get out if you don't wanna loose all your money”
— Jordan Belfort
$6,177
“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
“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 is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
“Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.”
— Taavet Hinrikus
$428
“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
$15,927
“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
$24,760
“Bitcoin is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“I said honestly, I know very little about it, and I’m totally confused.”
— Jack Ma
$11,250
“get out if you don't wanna loose all your money”
— Jordan Belfort
$6,177
“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
“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 is a highly speculative asset, not a currency. Unreliability, lack of stability, and susceptibility to fraud will continue to plague this cryptocurrency. Don't be tricked, buying Bitcoin is a fool's game.”
— Steve Hanke
$27,271
“Mr. Bitcoin is about to go down big.”
— Jim Cramer
$26,872
Same energy, same bad takes.
Buttcoiners.love collects the most spectacularly wrong Bitcoin predictions and turns them into art. Because nothing ages like bad takes.
Paul Krugman (2026). Paul Krugman — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/paul-krugman
