Bitcoin "Mania"Critic quotes & predictions
Every public figure who called Bitcoin a mania. 21 curated quotes, 2011–2024, each with primary sources, dates and the BTC price at the time.
- Quotes
- 21
- Years
- 2011–2024
- Top critics
- Peter Schiff · 4Josh Williams · 4Steve Hanke · 3

"popular delusions"
Peter Schiff · 2024

"madness of crowds"
Peter Schiff · 2024

"Kool-Aid"
Peter Schiff · 2024

"beanie babies"
Neel Kashkari · 2024

"fueled by HYPE"
Steve Hanke · 2021

"Insane"
Steve Hanke · 2021

"a sort of natural Ponzi scheme"
Paul Krugman · 2021

"madness"
Josh Williams · 2021

"irrationally valuable"
Josh Williams · 2021

"driven by popular mass delusion"
Josh Williams · 2021

"a mania"
Josh Williams · 2021

"Tulip fever"
Vítor Constâncio · 2021

"funny business"
Christine Lagarde · 2021

"for Suckers"
Steve Hanke · 2020

"highly volatile"
Donald Trump · 2019

"#BeanieBabies"
James Woods · 2017

"strange enthusiasm"
Robert Shiller · 2017

"a fad"
Robert Shiller · 2017

"a speculative frenzy"
Peter Schiff · 2017

"worse than tulip mania"
Nout Wellink · 2013

"lures"
Avery Pennarun · 2011