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Avery Pennarun
CEO of Tailscale
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They Weren't the Only Ones Wrong
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“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
$37,649at the time
“I regard the bitcoin craze as totally asinine.”
— Charlie Munger
$9,875at the time
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at the time
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691at the time
“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
$105,559at the time
“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.”
— Peter Schiff
$60,800at the time
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207at the time
“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
$37,649at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“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
$37,649at the time
“I regard the bitcoin craze as totally asinine.”
— Charlie Munger
$9,875at the time
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at the time
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691at the time
“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
$105,559at the time
“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.”
— Peter Schiff
$60,800at the time
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207at the time
“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
$37,649at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“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
$37,649at the time
“I regard the bitcoin craze as totally asinine.”
— Charlie Munger
$9,875at the time
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at the time
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691at the time
“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
$105,559at the time
“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.”
— Peter Schiff
$60,800at the time
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207at the time
“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
$37,649at the time
“#Bitcoin is the #BeanieBabies of the modern era. Good luck!”
— James Woods
$15,379at the time
“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
$37,649at the time
“I regard the bitcoin craze as totally asinine.”
— Charlie Munger
$9,875at the time
“A speculative thing. It's a speculative asset that seems to, just like behave, you know, like the high-priced real estate in Manhattan, for it attrack the stock market.”
— Nassim Taleb
$30,838at the time
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
— Steve Hanke
$47,675at the time
“Bitcoin is bovine excrement.”
— Nicholas Weaver
$3,970at the time
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347at the time
“Bitcoin is a Ponzi scheme, and it will collapse like one”
— Bert Ely
$14,691at the time
“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
$105,559at the time
“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.”
— Peter Schiff
$60,800at the time
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,”
— Jamie Dimon
$4,207at the time
“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
$37,649at the time
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Cite this page— APA, MLA, Chicago, BibTeX
Stephen Diehl (2026). Stephen Diehl — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 15, 2026, from https://buttcoiners.love/author/stephen-diehl