“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.”
$27,271·
6 wrong calls across 4 years of denial. 6 framed for posterity. No signs of stopping.
The Greatest Misses
“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.”
$27,271·
“Bitcoin is a HIGHLY SPECULATIVE asset fueled by HYPE. It's a bubble waiting to pop.”
$47,675·
“#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.”
$42,205·
“You’d Have to Be Insane to Introduce Bitcoin into an Environment that’s Already Corrupt”
$45,597·
“A survey by the @bankofcanada shows that #Canadians with low financial literacy are twice as likely to buy #Bitcoin. This proves the old adage that there is a sucker born every minute.”
$10,674·
They Weren't the Only Ones Wrong
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“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.”
— Peter Schiff
$4,350
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin: the World's first decentralised Ponzi scheme”
— David M. Webb
$16,446
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
““Stay away from Bitcoin. It's a mirage.””
— Warren Buffett
$629
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“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.”
— Peter Schiff
$4,350
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin: the World's first decentralised Ponzi scheme”
— David M. Webb
$16,446
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
““Stay away from Bitcoin. It's a mirage.””
— Warren Buffett
$629
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“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.”
— Peter Schiff
$4,350
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin: the World's first decentralised Ponzi scheme”
— David M. Webb
$16,446
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
““Stay away from Bitcoin. It's a mirage.””
— Warren Buffett
$629
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
“Sometime I call it crypto crapo, sometime I call it cryp sh*t. It's just ridiculous than anybody would buy it.”
— Charlie Munger
$24,331
“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's 'hyperbolic bubble is going to go bust”
— Nouriel Roubini
$23,719
“Game Over, Bitcoin. Where Is The Next Human-Based Digital Currency?”
— Stanislas Jourdan
$127
“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.”
— Peter Schiff
$4,350
“One of the lures of bitcoin is the idea of taking power away from the people in power.”
— Avery Pennarun
$4
“Bitcoin: the World's first decentralised Ponzi scheme”
— David M. Webb
$16,446
“(...) Therefore Bitcoin must collapse.”
— Kevin Dowd
$338
“Bitcoin is like the tulip fever.”
— Vítor Constâncio
$49,708
““Stay away from Bitcoin. It's a mirage.””
— Warren Buffett
$629
“All we know is Bitcoin is not an efficient means of payment. Don’t bank on it.”
— Taavet Hinrikus
$118,347
“Bitcoin is a fad, just like bimetallism before it...”
— Robert Shiller
$5,731
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
Steve Hanke (2026). Steve Hanke — Bitcoin Quotes & Wrong Predictions. Buttcoiners. Retrieved October 13, 2026, from https://buttcoiners.love/author/steve-hanke