16 wrong calls across 9 years of denial. 16 framed for posterity. No signs of stopping.
The Greatest Misses
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history.”
$81,483·
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.”
$81,483·
“#Bitcoin, crypto, and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering. It's not just the speculators who will be left holding a bag of worthless Bitcoin, but also the investors who funded all the infrastructure and related businesses. This is likely the biggest misallocation of resources in human history. Not only will the net losses to society be staggering, but Bitcoin itself will do more to tarnish the reputation of libertarian capitalism and the concept of sound money than any failed government program ever has.”
$81,483·
“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.”
$60,800·
“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.”
$60,800·
“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.”
$18,971·
“Bitcoin is “fool’s gold and anybody buying it is ultimately a fool”
$65,992·
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
$14,550·
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
$14,986·
“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.”
$4,350·
“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.”
$4,350·
They Weren't the Only Ones Wrong
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161
“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
$11,350
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“Bitcoin’s fabulous rise ... will eventually end in tears”
— Richard Harris
$4,161
“With Bitcoin, there's no thing that backs it up. It's just belief.”
— Elizabeth Warren
$28,188
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161
“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
$11,350
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“Bitcoin’s fabulous rise ... will eventually end in tears”
— Richard Harris
$4,161
“With Bitcoin, there's no thing that backs it up. It's just belief.”
— Elizabeth Warren
$28,188
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161
“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
$11,350
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“Bitcoin’s fabulous rise ... will eventually end in tears”
— Richard Harris
$4,161
“With Bitcoin, there's no thing that backs it up. It's just belief.”
— Elizabeth Warren
$28,188
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“Bitcoin is dead as predicted - Don't get stucked in”
— Kevin George
$20,800
“There can be little doubt that Bitcoin is madness.”
— Josh Williams
$35,671
“Bitcoin is obsolete. Interesting idea and concept. Impractical for any real utility.”
— Bill Blain
$29,161
“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
$11,350
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691
“Just replace the word Bitcoin with Beanie Babies. Should the Fed buy Beanie Babies because they were a fad for a while?”
— Neel Kashkari
$67,824
“Bitcoin’s fabulous rise ... will eventually end in tears”
— Richard Harris
$4,161
“With Bitcoin, there's no thing that backs it up. It's just belief.”
— Elizabeth Warren
$28,188
“Bitcoin is akin to a 'pet rock' because it 'does nothing”
— Jamie Dimon
$42,699
“Bitcoin's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
Birds of a Feather
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.
Cite this page— APA, MLA, Chicago, BibTeX
Peter Schiff (2026). Peter Schiff — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/peter-schiff