“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.”
$55,685·
Stephen Isaacs
Investment Strategist
Finance
2quotes
2posters
2 wrong calls across 1 years of denial. 2 framed for posterity. No signs of stopping.
The Greatest Misses
“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.”
$55,685·
They Weren't the Only Ones Wrong
“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 the greatest scam in history”
— Bill Harris
$9,648
“Crypto-assets such as Bitcoin are digital tulips.”
— Dr Joachim Nagel
$101,413
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914
“#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 just shows you how much demand for money laundering there is in the world”
— Larry Fink
$5,558
“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
“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.”
— Paul Krugman
$30,416
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“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 the greatest scam in history”
— Bill Harris
$9,648
“Crypto-assets such as Bitcoin are digital tulips.”
— Dr Joachim Nagel
$101,413
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914
“#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 just shows you how much demand for money laundering there is in the world”
— Larry Fink
$5,558
“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
“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.”
— Paul Krugman
$30,416
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“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 the greatest scam in history”
— Bill Harris
$9,648
“Crypto-assets such as Bitcoin are digital tulips.”
— Dr Joachim Nagel
$101,413
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914
“#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 just shows you how much demand for money laundering there is in the world”
— Larry Fink
$5,558
“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
“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.”
— Paul Krugman
$30,416
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
“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 the greatest scam in history”
— Bill Harris
$9,648
“Crypto-assets such as Bitcoin are digital tulips.”
— Dr Joachim Nagel
$101,413
“#Bitcoin is an asset that is extremely volatile, susceptible to fraud, and highly uncertain. What could go wrong? Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO.”
— Steve Hanke
$42,205
“I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making.”
— Prince Alwaleed
$5,914
“#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 just shows you how much demand for money laundering there is in the world”
— Larry Fink
$5,558
“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
“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.”
— Paul Krugman
$30,416
“First, blockchain is not a bubble, but Bitcoin is a bubble.”
— Jack Ma
$6,248
“Bitcoin: you're buying obsolescence and the fall will be hard”
— J.G. Collins
$54,408
“Bitcoin is probably rat poison squared.”
— Warren Buffett
$9,819
Birds of a Feather
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Cite this page— APA, MLA, Chicago, BibTeX
Stephen Isaacs (2026). Stephen Isaacs — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/stephen-isaacs