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Charlie Munger
Late Vice Chairman of Berkshire Hathaway
Stan Stalnaker
Entrepreneur
Business
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They Weren't the Only Ones Wrong
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“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
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“Stay away from bitcoin — it’s complete garbage.”
— Brett Arends
$2,340
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382
“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 I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“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
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“Stay away from bitcoin — it’s complete garbage.”
— Brett Arends
$2,340
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382
“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 I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“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
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“Stay away from bitcoin — it’s complete garbage.”
— Brett Arends
$2,340
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382
“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 I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970
“Bitcoin is a pure Ponzi. Its a pyramid.”
— Peter Schiff
$26,838
“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
“Reserve assets must be secure, liquid and transparent. Bitcoin is none of these things.”
— Dr Joachim Nagel
$101,413
“Stay away from bitcoin — it’s complete garbage.”
— Brett Arends
$2,340
“Bitcoin is (Nearly) Dead”
— Joe Carter
$662
“Bitcoin: The Emperor’s New Clothes”
— Keith Parkins
$382
“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 I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I.”
— Frances Coppola
$47,538
“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three”
— Charlie Munger
$37,649
“Mining (they even borrowed the word!) bitcoins is pointless busywork that produces nothing of real value.”
— Avery Pennarun
$4
“There is no value in bitcoin, you can’t use it as money, it’s too slow, too expensive and too vulnerable.”
— Peter Schiff
$14,550
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970
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Cite this page— APA, MLA, Chicago, BibTeX
Stan Stalnaker (2026). Stan Stalnaker — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/stan-stalnaker