1 wrong call across 1 years of denial. 1 framed for posterity. No signs of stopping.
The Greatest Misses
They Weren't the Only Ones Wrong
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675
“Bitcoin is nothing.”
— Andy Kessler
$33,120
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357
“#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.”
— Peter Schiff
$81,483
“Bitcoin is over. #RIP”
— Mark Dow
$10,125
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“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
“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 pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“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
$55,685
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675
“Bitcoin is nothing.”
— Andy Kessler
$33,120
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357
“#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.”
— Peter Schiff
$81,483
“Bitcoin is over. #RIP”
— Mark Dow
$10,125
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“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
“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 pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“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
$55,685
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675
“Bitcoin is nothing.”
— Andy Kessler
$33,120
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357
“#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.”
— Peter Schiff
$81,483
“Bitcoin is over. #RIP”
— Mark Dow
$10,125
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“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
“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 pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“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
$55,685
“There will be a stampede for the exit, the price of bitcoin will drop to its intrinsic value – zero – and the system will collapse. The only question is when.”
— Kevin Dowd
$3,512
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675
“Bitcoin is nothing.”
— Andy Kessler
$33,120
“The Bitcoin Skeptic: BTC Value Will Crash 99% for the Same Reason Tumblr’s Just Did”
— Lawrence Meyers
$48,357
“#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.”
— Peter Schiff
$81,483
“Bitcoin is over. #RIP”
— Mark Dow
$10,125
“Remember, Bitcoin is a meme coin.”
— Peter Schiff
$102,052
“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
“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 pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“Bitcoin is worthless, artificial gold.”
— Charlie Munger
$9,624
“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
$55,685
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Cite this page— APA, MLA, Chicago, BibTeX
Richard Harris (2026). Richard Harris — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/richard-harris