Bitcoin Is Dead

Bitcoin Obituaries Timeline - All Times Bitcoin Was Declared Dead

431 obituaries found
2025
Apr
April 10, 2025
$80,714.12

The Financial Crisis Of 2025 Will Kill [Bitcoin]

Twitter
"Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it."
Peter Schiff, Stock Broker / Economist
April 7, 2025
$79,380.52

Whoopsie Daisy Bitcoin!

The Verge
"I could go over the various ways that Bitcoin is bad at being money— how it sucks for transactions, has an associated serious risk of scammers and hackers, and is wildly volatile — but the fact that it’s been used primarily for speculation I think makes the case for me. The many people who’ve sent the value of Bitcoin up aren’t viewing it as the technology or money of the future, they just like Number Go Up. Well, now Number is Going Down."
Elizabeth Lopatto, Reporter, The Verge
April 6, 2025
$78,214.48

Jack Dorsey Says Bitcoin Fails If It Is Not Used For Everyday Payments

Yahoo Finance
"I think it has to be payments for it to be relevant on the every day. Otherwise, it’s just something you kind of buy and forget and only use in emergency situations or when you want to get liquid again. So I think if it doesn’t transition to payments and find that everyday use case, it just gets increasingly irrelevant. And that’s failure to me."
Jack Dorsey, Founder, Twitter & Block
April 4, 2025
$83,843.8

Bitcoin's Digital Gold Narrative Weakens Amid Market Volatility

TokenPost
"Canadian billionaire Frank Giustra has joined critics, urging Bitcoin advocates to abandon the digital gold narrative. He argues that Bitcoin behaves more like a speculative asset than a store of value, especially during turbulent market periods."
Frank Giustra, Founder, Lionsgate
2025
Mar
March 25, 2025
$87,471.7

Should We Compare Bitcoin To Gold? Lessons From The Last Financial Crisis

Knowledge at Wharton
"The striking parallels between Bitcoin and MBS suggest that history may be repeating itself. In fact, the negative consequences of the analogy of Bitcoin to gold might be even more severe than the analogy of MBS to bonds. While most MBS at the end of the day were backed by real assets — mortgages on real houses — Bitcoin is not backed by any real assets. If you are not in the business of speculation, steering clear of investing in Bitcoin — or for that matter any cryptocurrency — may be the best way to avoid the fallout from another misguided analogy."
Rahul Kapoor, Professor, Wharton School
March 21, 2025
$84,043.24

BTC Is Not Digital Gold, And It Never Was

CoinGeek
"We’ll have to wait and see what happens in the coming months and years, but for now, markets are spooked, and they have resoundingly rejected BTC and embraced gold as the store of value of choice. It’s time to kill the BTC = SOV narrative and return to the original purpose of Bitcoin: small, casual payments at scale!"
Gavin Lucas, Freelance Writer
2025
Feb
February 28, 2025
$84,373.01

BTC Has No Value

Twitter
"Btc has no value. In the best light it’s insurance. Based on my lifetime priors there is a 1% chance a superpower will collapse any given year. It’s worth it for me to spend 1% of my wealth on some asset that might not go to zero in that environment. It’s not an investment, it’s a cost, and there is no guarantee it will work. It’s as good at doing that at $100k as it is at $10k. If it works, it has very little to do with technology outside of the initial innovation that happened 15 years ago."
Anatoly Yakovenko, Co-founder, Solana
February 25, 2025
$88,736.17

Bitcoin Is A Bubble And Will Blow Up Someday

The Economic Times
"It is going to hurt a lot of people. I hope I am not one of them. I hope you are not one of them. I do not see any reality to the movement. In my view, it is a bubble, and it will blow up someday."
Jim Rogers, Investor
2025
Jan
January 30, 2025
$104,735.3

Capitalisn’t: Why This Nobel Economist Thinks Bitcoin Is Going to Zero

Chicago Booth Review
"Cryptocurrencies are such a puzzle because they violate all the rules of a medium of exchange. They don’t have a stable real value. You know, they have highly variable real value. That kind of medium of exchange is not supposed to survive."
Eugene Fama, Economist
January 26, 2025
$102,682.5

Bitcoin Critic Peter Schiff Explains Why Proof Of Work Makes No Sense

Twitter
"It's not backed by energy. Energy is used to create Bitcoin, but that energy is gone after Bitcoin is created. If you own Bitcoin you do not own any stored energy that can be released. Bitcoin is not a battery."
Peter Schiff, Stock Broker / Economist
January 13, 2025
$94,516.52

Investor Cliff Asness Says Bitcoin Is A Bubble Unless Uses Besides Speculation And Criminality Emerge

CNBC
"There’s no fundamental trend for crypto because I don’t know what the fundamentals are, but there is a price trend."
Cliff Asness, Co-founder, AQR Capital Management
2024
Feb
February 25, 2024
$51,731

Bitcoin: Why A Drop Below $50.5K Will Be Bad News

AMB Crypto
"AMBCrypto reported earlier that BTC may witness a short-term price correction as there was a movement of coins from long-term holders (LTHs) to short-term holders (STHs). The token’s Binary CDD continued to remain red, meaning that long-term holders’ movements in the last seven days were higher than average. Its aSORP was also red. This suggested that more investors were selling at a profit. In the middle of a bull market, it can indicate a market top."
Dipayan Mitra, Journalist
February 22, 2024
$51,302.7

ETF Approval For Bitcoin – The Naked Emperor’S New Clothes

ECB
"For disciples, the formal approval confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. We disagree with both claims and reiterate that the fair value of Bitcoin is still zero."
Ulrich Bindseil, Economist
2023
Oct
October 26, 2023
$34,154.7

Every Single Bitcoin Transaction—Even Buying A Latte—Consumes Over $100 In Electricity, Says A New Report

Fortune
"The report states that each Bitcoin transaction consumes 1,173 kilowatt hours of electricity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add."
MoneySuperMarket, ???
October 18, 2023
$28,326.5

Warren, Marshall, Casten, 100+ Lawmakers Ask Biden Administration to Address Crypto-Financed Terrorism after Reports of Hamas Raising Millions in Crypto to Fund Operations

Elizabeth Warren
"That the deadly attack by Hamas on Israeli civilians comes as the group has become ‘one of the most sophisticated crypto users in the terror-finance domain’ clarifies the national security threat crypto poses to the U.S., and our allies. Congress and this Administration must take strong action to thoroughly address crypto illicit finance risks before it can be used to finance another tragedy."
Elizabeth Warren, United States Senator
2022
Jun
June 25, 2022
$21,231.66

Bitcoin Heading To Zero, Says China State Media Amid Global Crypto Downturn

Business Standard
"Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high... In the future, once investors' confidence collapses or when sovereign countries declare bitcoin illegal, it will return to its original value, which is utterly worthless."
China's Economic Daily, ???
June 22, 2022
$19,971.2

Bitcoin Is Dead As Predicted - Don't Get Sucked In

Seeking Alpha
"Bitcoin's washout will not see a fast comeback. The decentralized dream has been exposed. Connect the dots and act accordingly."
Kevin George, Analyst, Seeking Alpha
June 19, 2022
$20,552.4

Sign Cryptocurrency Is Dead As Bitcoin Dips To $17K

News.com.au
"Bitcoin has pretty much lost all its gains throughout the pandemic and hit a new horror low that will make history."
Lynsey Barber, Jessica Clark, Marc Shoffman, Sara Benwell and The Sun, Finance Journalists
June 18, 2022
$18,948.8

Bitcoin Will Not Recover

Twitter
"Previous declines didn't involve anywhere near the total market cap lost during this decline, nor did they involve massive leverage. This crash is just beginning. #Bitcoin will not recover."
Peter Schiff, Stock Broker / Economist
June 15, 2022
$22,562.3

The Crypto Crash Proves It – Bitcoin's Libertarian Dream Is Over

Telegraph
"As cryptocurrency companies come under closer scrutiny, they will start looking less representative of the libertarian ideal on which Bitcoin was founded and more like the ageing banks it was meant to replace. At that point, we might start to wonder where its value comes from. If a couple of companies have the power to crash the entire market, Bitcoin does not look so free after all."
James Titcomb, Technology Editor, The Telegraph
June 13, 2022
$25,423.5

Bitcoin And Ethereum Will Go To Zero

BNN Bloomberg
"Bitcoin will never be a safe haven asset or a central currency."
Phillip Streible, Chief Market Strategist, Blue Line Futures
June 7, 2022
$29,566.34

You Risk Losing Everything

Twitter
"Bitcoin is down 50% since November. You risk losing everything."
John Reed Stark, Former Chief, SEC Office of Internet Enforcement
June 1, 2022
$31,451.5

Letter in Support of Responsible Fintech Policy

Concerned Tech
"By its very design, blockchain technology is poorly suited for just about every purpose currently touted as a present or potential source of public benefit. From its inception, this technology has been a solution in search of a problem and has now latched onto concepts such as financial inclusion and data transparency to justify its existence, despite far better solutions to these issues already in use. Despite more than thirteen years of development, it has severe limitations and design flaws that preclude almost all applications that deal with public customer data and regulated financial transactions and are not an improvement on existing non-blockchain solutions."
Stephen Diehl + 1500 other computer scientists, software engineers, and technologists, ???
2022
May
May 21, 2022
$29,408.2

Crypto Assets Are ‘Worth Nothing,’ Says Ecb’S Christine Lagarde

Politico
"My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety."
Christine Lagarde, President, European Central Bank
May 20, 2022
$29,155.7

The Crypto Bubble is Bursting – Open Your Eyes And Spot the Ugly Naked Truth

Morning Porridge
"It’s terribly clever, but a pointless, busted bubble."
Bill Blain, Market Strategist, Shard Capital
May 18, 2022
$30,298.1

Colapso Das Criptomoedas Expõe O Vazio De Promessa Libertária (Cryptocurrency Collapse Exposes Void Of Libertarian Promise)

Valor Econômico
"Digital currencies sought to replace the financial system with one that was faster, cheaper, less under government control and more accessible to the poor, but they failed."
Greg Ip, Chief Economics Commentator, The Wall Street Journal
May 9, 2022
$33,528.5

Crypto Is Dead

The Spectator
"So cryptocurrencies are no longer making anyone rapid fortunes, are no longer protecting against inflation, and governments are working out how to find them. What exactly is the attraction? They are clearly little more than a pyramid scheme: machines for redistributing wealth from players who are late into the gold rush to those who were early. And like all other pyramid schemes, they have a brief and finite life. Many of these new get-rich-quick schemes – like NFTs – have already come and gone. Cryptocurrencies face not so much a rapid crash as a slide into nothingness."
Ross Clark, Writer / Columnist
May 1, 2022
$37,923.81

Charlie Munger Calls Bitcoin ‘Disgusting And Contrary To The Interests Of Civilization’

CNBC
"Of course I hate the bitcoin success. I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."
Charlie Munger, Vice Chairman, Berkshire Hathaway
2022
Mar
March 31, 2022
$46,318.56

Crypto Vs Gold: The Search For An Investment Bolt Hole

Financial Times
"Crypto assets are no different from a classic Ponzi scheme where a steady stream of new entrants pays off the older members. It all depends on greater fools joining the rush to participate because prices are rising. Today, the greater fool is wondering whether to buy Tesla and Ethereum."
Bill Blain, Head of Alternative Assets, Shard Capital
March 8, 2022
$38,753.65

The End of Cryptocurrency Coming?

Armstrong Economics
"Not only is Biden authorizing the regulation of digital currencies, but he is also instructing to move forward with a central bank cryptocurrency. Once that is done, all other cryptocurrencies will be seized and folded into the government’s crypto. For all of those who said Bitcoin replaced gold and the dollar, if they didn’t bother to look at a chart, it has been declining since last November."
Martin Armstrong, Economic Forecaster, Convicted Felon
2022
Feb
February 19, 2022
$40,116.06

Bitcoin Won't Be Around A Decade From Now

Twitter
"#Bitcoin won't be around a decade from now."
Peter Schiff, Stock Broker / Economist
February 17, 2022
$40,558.95

Bitcoin's Candle Will Soon Blow Out

Twitter
"People still fixated on #Bitcoin are living in the past. #Gold is the future. The last ten years are irrelevent to what will happen over the next. This is gold's time to shine. Bitcoin's candle will soon blow out. Bitcoin HODLers who fail to grasp the change will lose everything!"
Peter Schiff, Stock Broker / Economist
February 16, 2022
$43,900.75

Charlie Munger Compares Crypto To ‘Venereal Disease,’ Warns Of Inflation Danger

MarketWatch
"I wish it had been banned immediately. I admire the Chinese for banning it. I think they were right and we were wrong to allow it."
Charlie Munger, Vice Chairman, Berkshire Hathaway
February 4, 2022
$41,580.43

Last Chance to Buy Bitcoin Above $40,000

Twitter
"Attention #Bitcoin buyers: This could be your last chance to buy Bitcoin above $40,000. So hurry up and buy those high-priced Sats while supplies last."
Peter Schiff, Stock Broker / Economist
2022
Jan
January 24, 2022
$36,703.22

Bitcoin Is Just a Crappy Tech Stock Now

Slate
"Originally, Bitcoin was supposed to be a currency. Then, it was supposed to be a hedge against inflation, a sort of digital gold. But as the great crypto market crash of the last three months has begun to unfold, it’s started to look like something much more mundane: a crappy tech stock."
Jordan Weissmann, Senior Editor, Slate
January 21, 2022
$36,462.63

In 4 Years, Bitcoin Will Be A Traumatic Memory

Twitter
"In 4 years, bitcoin will be a traumatic memory."
Travis.web1, @coloradotravis on Twitter
January 5, 2022
$46,121.6

Kevin O’Leary Explains Why He Thinks Nfts Will Become Bigger Than Bitcoin

CNBC
"You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just bitcoin alone."
Kevin O’Leary, Businessman
January 4, 2022
$45,837.33

The Ticking Bomb Of Crypto Fascism

In These Times
"I feel safe saying that, when history looks back in hindsight, it will see crypto as a gargantuan bubble that — as capitalism always does — wiped out the finances of tons of small people who could not afford to be wiped out, and left the rich mostly intact, all because it was able to convince regular people to believe that this time was different. The delusion that salvation from capitalism can be found in new, more clever capitalism is incredibly seductive, and always wrong. Let’s hope that we snap out of it before it’s too late."
Hamilton Nolan, Labor Writer, In These Times
2021
Dec
December 29, 2021
$46,470.69

Reality Check For Cryptocurrency: Bitcoin Is A Scam Which Will Only End In Tears

Daily Mail
"People buy into bitcoin in expectation of handsome returns. That expectation is sustained by the profits of those who cash out. But there is no external source of income. As in a classic Ponzi scheme old investors cashing out only do so at the expense of new money coming in. Unlike, say, investment in shares and bonds, bitcoin makes no contribution to the greater economic or public good."
Alex Brummer, Economics/Finance Editor, Daily Mail
December 28, 2021
$47,549.82

The Inevitable Obsolescence Of Bitcoin

Twitter
"If I write about the inevitable obsolescence of Bitcoin, I'll have to lock my account again, won't I."
Frances Coppola, Columnist, Coindesk
December 22, 2021
$48,620.54

Why Bitcoin Is Worse Than A Madoff-Style Ponzi Scheme

Financial Times
"In a crash, the holders of bitcoin will collectively have lost what they have paid the miners for their bitcoin. This sum may be not far from the sum originally invested with Madoff, after accounting for inflation. But bitcoin holders will have no one to pursue to recover this sum: it will simply have gone up in smoke, a social loss. The holders of bitcoin would then only wish it had been a Ponzi scheme."
Robert McCauley, Professor, University of Oxford
December 17, 2021
$46,171.72

Bitcoin May Not Last That Much Longer

CNBC
"Some of the newer cryptocurrencies use blockchain technology far more efficiently than bitcoin does."
Eswar Prasad, Professor, Cornell University
December 14, 2021
$48,385.13

Bitcoin Could Become ‘Worthless’, Bank of England Warns

The Guardian
"Simple game theory tells us that a process of backward induction should, really, at some point, induce the smart money to get out. And were that to happen, investors really should be prepared to lose everything. Eventually."
Thomas Belsham, Media, Bank of England
2021
Nov
November 29, 2021
$57,834.51

The Crypto Con – Why Bitcoin Is Nothing But A Ponzi Scheme

CAPX
"I am pretty sure Bitcoin and cryptocurrencies will continue to surprise us all, and that the greater fool is still to be found just around the corner. Cryptos have thrived because social media, the internet and connectivity have made it easy to disseminate the con around the global markets at incredible speed. They’ve succeeded because regulators haven’t stopped them – hat-tip to the Chinese for being ahead of the regulatory pack in that regard. Someday, the last greater fool will want his money back, and regulators will be exposed for not acting earlier."
Bill Blain, Head of Capital Markets, Mint Partners
November 15, 2021
$63,599.75

Bitcoin Is Just like AOL; It Won’t Win the Race for Best Cryptocurrency

The White Coat Investor
"One thing I cannot understand is why the market (i.e. all the people speculating in cryptocurrency) does not yet recognize that there is no way that Bitcoin is going to be the winner of this technological race."
Jim M. Dahle, Founder, White Coat Investor
November 7, 2021
$63,287.79

The Bitcoin Delusion

The Spectator
"In the absence of its use as a currency, though, the only thing supporting the value of crypto is the expectation that there’s always going to be someone else who’ll pay to take it off your hands. You’re betting, essentially, on being the last person holding the bomb before it goes off. With Squid coins, most people could see the wires sticking out and smell the cordite (let’s not even talk about the similarly ill-fated cryptocurrency Monkey Jizz). Bitcoin is heavy, shiny and attractive. But if you hold it right up to your ear, deep inside, I think you can hear something ticking."
Sam Leith, Editor, The Spectator
2021
Sep
September 20, 2021
$43,014.72

Fundamental Value Of Zero

Twitter
"#Bitcoin’s volatility is its Achilles' heel and the reason it will never serve as a reliable unit of account or currency. Bitcoin is nothing more than a highly speculative asset with a fundamental value of ZERO."
Steve Hanke, Economist and Professor, Johns Hopkins University
September 18, 2021
$48,315.04

Bitcoin Will Never Be Considered A Currency

Twitter
"Many people believe that #Bitcoin is the "currency of the future." However, Bitcoin's volatility should punctuate the fact that it will NEVER be considered a currency. #BTC is just a highly speculative asset, and anyone who believes otherwise is living in fantasyland."
Steve Hanke, Economist and Professor, Johns Hopkins University
September 7, 2021
$46,856.45

The Whales Want Out

Twitter
"The idea that #Bitcoin whales deliberately tank the market to shake out the little guys to get their coins is nonsense. The whales don't want the minnows to sell, they want them holding and hoping and buying the dip. The whales want out. They're fishing for dollars, not Bitcoin."
Peter Schiff, Stock Broker / Economist
2021
Jun
June 15, 2021
$40,160.73

The Brutal Truth About Bitcoin

The New York Times
"Bitcoin investors seem to be relying on the greater fool theory — all you need to profit from an investment is to find someone willing to buy the asset at an even higher price."
Eswar Prasad, Professor, Cornell University
June 14, 2021
$40,518.69

BIS Says "No Thanks" To Bitcoin For Payments

The Institutional Risk Analyst
"The BIS decision hopefully serves as a wake-up call for all of the happy bitcoin enthusiasts who actually believe that this penny arcade version of “money” could ever survive in a significant way in the government-centric world of money and banking."
R. Christopher Whalen, Investment Banker
June 12, 2021
$35,545.98

It Doesn't Take A Genius To Understand That Sheet Coin Is Doomed

Twitter
"What just happened" Will be the most popular 3rd/4th quarter phrase of 2021."
The Great Martis, Trader
2021
May
May 20, 2021
$40,593.81

Bitcoin and Ethereum Are Dead

Medium
"A few decades from now, Bitcoin and Ethereum will be collector items, not the currency of the global economy."
Jared Brock, Writer
May 18, 2021
$42,896.32

Here’s The Harsh Truth About Crypto

MSN
"So, what has bitcoin actually, you know, done? The answer, of course, is: basically nothing. And that’s why the world’s most-traded cryptocurrency is worth basically nothing."
Tim Mullaney, Writer, Journalist
May 1, 2021
$57,836.01

Bitcoin Is Disgusting

CNBC
"I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."
Charlie Munger, Vice Chairman, Berkshire Hathaway
2021
Apr
April 30, 2021
$57,736.86

New Rule: Crypto Mania!

Real Time with Bill Maher
"So, there’s these things called nerds and in 2008 one of them we don’t know who because this person or group of persons is still anonymous made up Bitcoin out of thin air using the fake name ‘Satoshi Nakamoto’, which I think are the Japanese words for “monopoly money”."
Bill Maher, Television Host
April 28, 2021
$54,877.7

Crypto Looks Like The Dotcom Space Of The 1990s, And Bitcoin May Not Survive It

"The cryptocurrency space today looks very similar to the internet space in 1997. In 1997, we thought Netscape Navigator was by far the most advanced sophisticated browser and there would never be anything to compete with that. And obviously here we are, Netscape is long [gone]."
Fahad Kamal, Investor, Kleinwort Hambros
April 23, 2021
$51,161.15

‘Black Swan’ Author Calls Bitcoin A ‘Gimmick’ And A ‘Game,’ Says It Resembles A Ponzi Scheme

CNBC
"I realized it was not a currency without a government. It was just pure speculation. It’s just like a game ... I mean, you can create another game and call it a currency."
Nassim Nicholas Taleb, Essayist, Scholar, Former Trader
April 21, 2021
$53,812.08

Bitcoin Inches Closer To Extinction

The Manila Times
"Even if it does not amount to much in a practical sense, what Turkey’s move does represent is another nail in cryptocurrency’s coffin. Those nails have been hammered in at an accelerating pace; China has had a ban on Bitcoin trading in place since 2017, Nigeria banned cryptocurrencies in February this year, and India is preparing to impose what will be one of the world’s strictest bans on cryptocurrencies, including fines on those trading and holding assets."
Ben Kritz, Columnist, The Manila Times
April 20, 2021
$56,499.28

It Will Be Ugly": Bitcoin Bear Gives 2 Reasons Why He Thinks The ‘Bubble’ Is Going To Burst

CNBC
"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."
Stephen Isaacs, Chairman of the Investment Committee, Alvine Capital
2021
Mar
March 23, 2021
$54,343.36

Bitcoin: You're Buying Obsolescence, And The Fall Will Be Hard

Seeking Alpha
"Cryptocurrency is here to stay, but Bitcoin and its clones will be obsolete, probably within this decade. Once the fall starts, it will come hard and fast."
J.G. Collins, Managing Director, The Stuyvesant Square Consultancy
March 16, 2021
$56,921.5

Cryptocurrencies - They’ll Die

Twitter
"Cryptocurrenies - A product of government malfeasance... These are false currencies, man made, another fiat. They have been given value by speculation caused be central bank unlimited printing & adoption of MMT... Government will have to kill them, just as India is doing. They’ll die"
Steve Miller, Trader
March 3, 2021
$50,422.17

Bitcoin: This Year I Stand To Make $200 Million More Than Elon Musk

The Conversation
"I think there is a good chance that over the next year the price of Bitcoin will drop towards its fundamental value, which is nothing... If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behaviour — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing, which means I will have done A$200 million better than Musk."
John Hawkins, Professor, University of Canberra
2021
Feb
February 19, 2021
$55,761.9

Bitcoin's Fundamental Value Is Zero

Twitter
"#BREAKING: another day, another record for #Bitcoin. Today, bitcoin broke $55,000/#BTC, which represents a 473% gain in the past 12 months. Remember, while the BTC bubble keeps growing, it’s fundamental value is zero."
Steve Hanke, Economist and Professor, Johns Hopkins University
February 18, 2021
$51,573.41

Bitcoin Above $51,000 Is Unsustainable Unless Volatility Subsides

Insider
"Bitcoin's current price is "unsustainable" unless the cryptocurrency's volatility dies down, according to JPMorgan."
Financial Analysts, JP Morgan
February 12, 2021
$47,410.4

Bitcoin Is A Failure

Twitter
"I've been getting rid of my BTC. Why? A currency is never supposed to be more volatile than what you buy & sell with it. You can't price goods in BTC. In that respect, it's a failure (at least for now)."
Nassim Nicholas Taleb, Essayist, Scholar, Former Trader
February 10, 2021
$44,855.62

The Fundamental Value Of Bitcoin Is Zero

Insider
"Since the fundamental value of bitcoin is zero and would be negative if a proper carbon tax was applied to its massive polluting energy-hogging production, I predict that the current bubble will eventually end in another bust... Risky, volatile bitcoin doesn’t belong in the portfolios of serious institutional investors."
Nouriel Roubini, Economist and Professor, NYU
February 8, 2021
$46,436.09

Bitcoin Too Volatile to be Medium of Exchange, Goldman Sachs Says

Newsweek
"Something with a long-term volatility of 80% can't be considered a medium of exchange. Just because everybody piles into an idea and talks it up doesn't mean it's a store of value."
Sharmin Mossavar-Rahmani, Head of Consumer and Investment Management, Goldman Sachs
2021
Jan
January 31, 2021
$33,129.74

Bitcoin Is Nothing

Wall Street Journal
"Bitcoin is nothing, it’s vapor, a concept of an idea. Transactions using bitcoin are few and far between. It’s not a store of value—anything that drops 30% in a week can’t play that role."
Andy Kessler, Businessman, Investor, and Author
January 25, 2021
$32,255.35

Bitcoin Is an Incredibly Dirty Business

Bloomberg
"Unlike governments, the closest Bitcoin gets to redistribution of wealth is celebrity-sponsored giveaways, which are at worst predatory hoaxes and at best promotional corporate stunts that offer $11 worth of cryptocurrency to people clearly desperate for far more. Help mine the stuff with a high-end computer and get the chance to heat your greenhouse as well."
Lionel Laurent, Columnist, Bloomberg Opinion
January 22, 2021
$33,018.83

Bitcoin Has ‘Nil’ Value

Bloomberg
"What is the future value of the dividend stream of Bitcoin? I can tell you that, that doesn’t take a prize winning mathematician. It is nil."
Jeremy Grantham, Investor
January 12, 2021
$34,059.91

The Bitcoin Dream Is Dead

Medium
"Bitcoin’s recent 25% plunge illustrates why it will never be a true currency… The fact that Bitcoin has no intrinsic value (the way a stock or bond does) doesn’t mean it’s headed to zero. It just means that Bitcoin has become totally untethered from its original purpose. What was supposed to be a way to revolutionize people’s everyday financial lives is now mostly a way for people to get rich quick (or lose their shirts) or, in an ideal scenario, for people to protect their wealth against inflation. Bitcoin began as a cryptocurrency. It has ended as a cryptoasset."
James Surowiecki, Journalist
January 2, 2021
$32,198.48

Those Who Invest The Most Will Lose The Most

Twitter
"If you never sell your #Bitcoin, what difference does the price make? When it ultimately goes to zero, the percentage loss for all HODLers will be the same, 100%. The significant difference will be how much you pay, not the price. Those who “invest” the most will lose the most."
Peter Schiff, Stock Broker / Economist
2020
Dec
December 28, 2020
$27,041.87

Bitcoin Is A Disaster

metzdowd
"Bitcoin was a good effort, it deployed some new ideas and technology, and showed that at some scale the “block chain” idea worked, but ultimately, although a successful proof of concept, failed to deliver. It doesn’t scale, except by becoming the very thing it was supposed to replace."
Ray Dillinger, Engineer
December 24, 2020
$23,729.65

The Price Of Bitcoin Is Totally Manipulated

Yahoo
"The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have any fundamental value,” he said. “We’re close to the point where the hyperbolic bubble is going to go bust."
Nouriel Roubini, Economist and Professor, NYU
December 20, 2020
$23,459

Buying Bitcoin Is Pure Speculation

The Motley Fool
"While I don’t disagree that a digital payments revolution is underway, or that blockchain could offer global financial and supply chain solutions, bitcoin isn’t the vessel that’s going to make this vision a reality.…History has proved that sentiment can shift at the drop of a pin in the cryptocurrency space. I’d suggest investors keep their distance from bitcoin."
Sean Williams, Investor
December 18, 2020
$23,133.29

Bitcoin Is A Ponzi

Twitter
"The bitcoiners and trolls are out in force because they are terrified this entire house of cards is about to collapse, and it will. Bitcoin is a Ponzi, and all Ponzi schemes ultimately collapse under their own weight."
Amy Castor, Finance Reporter
December 17, 2020
$22,812.28

Bitcoin Is Fundamentally Worthless

SeekingAlpha
"Sometimes there’s something so absurd that you hardly know where to begin to make the argument, for it’s so obvious and self evident that it should not have to be explained. Bitcoin and similar cryptocurrencies are such a case."
Anton Wahlman, Sell Side Analyst
December 4, 2020
$18,657.42

Bitcoin 'Too Volatile' to Be Store of Value: Steve Forbes

Decrypt
"Bitcoin remains too volatile to be a long-term store of value like gold has traditionally done. Bitcoin’s arbitrary supply limit will severely hinder its future usefulness."
Steve Forbes, Chairman and Editor-in-Chief, Forbes
2020
Nov
November 26, 2020
$17,182.49

Bitcoin Has No Role In Institutional Or Retail Investors Portfolios

Twitter
"Bitcoin has no role in institutional or retail investors portfolios. It is not a currency: not an unit of account, not a scalable means of payment & is a highly volatile store of value."
Nouriel Roubini, Economist and Professor, NYU
November 18, 2020
$17,785.27

‘Not My Cup of Tea’: Jamie Dimon Is Still Not a Bitcoin Fan

CoinDesk
"“The blockchain itself will be critical to letting people move money around the world cheaper,” he said. (His bank made waves recently with the launch of its “JPM Coin” for wholesale banking payments). “We will always support blockchain technology.” But Dimon refused to give ground on his opposition to bitcoin. He repeated his longstanding belief that governments will ultimately more heavily regulate it (something echoed recently by fellow billionaire Ray Dalio). Oversight is inevitable for something so large, he said."
Jamie Dimon, CEO, JP Morgan Chase
2020
Sep
September 8, 2020
$10,316.58

Bitcoin Is Over

Twitter
"Bitcoin is over. #RIP"
Mark Dow, Trader
September 4, 2020
$10,292.6

Bitcoin Is Worthless In Long-Term

NEWSBTC
"In contrast, bitcoin or other digital currencies are very likely worthless in the long term, and those are the kind of assets that investing legend Warren Buffet won’t touch. It’s these latter kinds of assets that have a greater chance to be in bubble territory because they don’t generate cash flow to support their valuations."
James Royal, Reporter
September 1, 2020
$11,964.21

Bitcoin Is Still Rat Poison Squared

Investorplace
"Bitcoin is a terrible store of value and an equally terrible long-term investment. And the more bitcoin becomes mainstream, the more the most powerful governments in the world will make it their mission to undermine the cryptocurrency."
Wayne Duggan, Contributor, U.S. News & World Report
2020
Mar
March 13, 2020
$5,629.58

Bitcoin Just Failed the Coronavirus Test

The Motley Fool
"The knee-jerk explanation from many financial experts for bitcoin's plunge was that cryptocurrencies had essentially lost their safe-haven status and were once again perceived as a risky asset. That's inconsistent with the basic investing thesis many cryptocurrency investors have in justifying their bitcoin holdings, and if it's true, it would potentially be a big blow to the idea that bitcoin offers a safe alternative to fiat currencies and assets that are tied to those currencies."
Dan Caplinger, Estate Attorney, Financial Planner
March 4, 2020
$8,767.89

It Has No Intrinsic Value

UTODAY
"If you wanna buy Bitcoin, be prepared to lose all your money. If you wanna buy it — buy it, but understand what’s you’ve got. It has no intrinsic value."
Andrew Bailey, Govenor, Britain's Central Bank
2019
Aug
August 24, 2019
$10,147.76

RIP Decentralization

Medium
"…we won’t be reading much about “decentralization” here anymore. That watchword for a generation of young men interested in building the future as developers, programmers and blockchain and crypto enthusiasts, is well, kind of dead."
Michael K. Spencer, Crypto Content Consultant
August 23, 2019
$10,406.74

Bitcoin: The End Of An Era

TradingView
"Not many are able to think long term and realize this, but the cryptocurrency markets have already topped. With summer ending soon, the next 50% price cut might be only a few weeks away. Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme."
MrRenev, Trader
August 14, 2019
$10,036.19

BTC Value Will Crash 99%

CCN
"Even the smartest dealmakers in the world have been fooled by hype, and overestimated an asset’s true value. Bitcoin will end up virtually worthless, just like Tumblr, because its true value is next to nothing."
Ed Butowsky, Financial Advisor / Wealth Manager
August 6, 2019
$11,467.2

Bitcoin’s Fatal Flaw: The Limited Adoption Problem

SSRN
"Bitcoin remains sparsely adopted even a decade after its birth. We demonstrate theoretically that this limited adoption arises as an inescapable equilibrium outcome rather than as a transient feature."
Franz J. Hinzen, Kose John, & Fahad Saleh, Grad Students, NYU
2019
Jul
July 24, 2019
$9,771.57

I Can Assure You I Will Personally Not Be Loaded Up On Bitcoin In 10 Years

CNBC
"I won't be talking about Bitcoin in 10 years, I can assure you that. […] I would bet in even 5 or 6 years I'm no longer talking about Bitcoin as Treasury Secretary. […] I can assure you I will personally not be loaded up on Bitcoin."
Steven Mnuchin, United States Secretary of the Treasury
July 15, 2019
$10,842.45

Bitcoin Buyers Are Only Fooling Themselves Again

MarketWatch
"Who let the fools out? The only plausible explanation was an article written as an April Fool’s joke reporting that the SEC had held an emergency meeting over the weekend and voted to approve two bitcoin-based exchange traded funds (ETFs). For true fools, it hardly mattered what sparked the rally. As long as prices are going up, fools will buy in hopes of selling to greater fools. At some point, the supply of greater fools will dry up and bitcoin’s second bubble will end just like the first."
Gary Smith, Professor, Pomona College
July 13, 2019
$11,350.63

Donald Trump Is Right About Bitcoin

MarketWatch
"Cryptocurrencies are a pure gamble with no discernible fundamentals whatsoever. The cryptocurrency “markets” are rife with fraud, scams and manipulation. I’d love them if I were a con artist."
Brett Arends, Financial Journalist
July 11, 2019
$11,345.77

Donald Trump Not A Fan Of Bitcoin

Twitter
"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air."
Donald Trump, President of the United States
July 6, 2019
$11,252.45

The End Of Bitcoin As We Know It

Irish Tech News
"I hope I am wrong and there turns out to be a bright future for Bitcoin. The facts say otherwise."
David Fritsche, Founder and CTO, Secured Communications
July 2, 2019
$10,850.4

It Will Get To Zero In Due Time

Twitter
"Indeed Bitcoin is now down below 10k. Has lost a third of its value in less than a week. Still a long way to less than zero as its true value is negative not zero given its toxic externalities! It will get to zero in due time."
Nouriel Roubini, Economist and Professor, NYU
2019
Jun
June 29, 2019
$11,882.51

Bitcoin Not Built To Last, Despite Recent Surge

NYPost
"To me, it's fool’s gold. There are no financial statements, no balance sheets, no revenues or assets. There’s not even a physical product! This is unbridled lunacy in which some astute techies take advantage of what will ultimately be some very unfortunate people."
Jonathon Trugman, Writer, NYPost
June 27, 2019
$11,170.89

Bitcoin’s Crash Hurts The Latecomers Once Again

MarketWatch
"Bitcoin has no intrinsic value as an asset. Never had. It yields no cash, generates no income and serves no useful legal purpose. It is most useful for money-laundering. If you need to get your money out of the country, fast, bitcoin is a pretty good way to do it."
Brett Arends, Financial Journalist
June 24, 2019
$11,041.85

None More Foolish Than What’s Being Said To Rationalize The Bitcoin Bubble

Twitter
"I’ve witnessed several asset bubbles over the years and those trapped inside also say foolish things to rationalize the price rise. But none more foolish than what’s being said to rationalize the Bitcoin bubble. The bigger the bubble, the more foolish one must be not to see it!"
Peter Schiff, Stock Broker / Economist
June 6, 2019
$7,806.72

Stark Warning For Crypto Fans – ‘It’ll All Be Worth Zero’

Express
"People are going to wake up one day and not find that the value of their BTC investment is diminishing, but that it is zero."
John Reed Stark, Cybersecurity Consultant
2019
May
May 31, 2019
$8,544.97

The Bitcoin Scam

Tribune
"Despite the utopian claims of its proponents, Bitcoin is a right-wing nightmare which facilitates tax evasion, money laundering and environmental degradation."
Alex Sobel, British Politician
May 27, 2019
$8,783.07

Bitcoin Will Likely Be Replaced By A New Technology

Twitter
"My position remains the same. #Bitcoin will likely be replaced by a new technology and it’s manipulated. It’s possible it’s built to last, but not probable, so keep your position to an amount you’re willing to loose For most, that’s 1-5% of net worth It will likely go to 0-$500."
Jason Calacanis, Internet Entrepreneur, Investor
May 22, 2019
$7,623.51

Bitcoin Manipulation Madness Calls For Massive Investigation

NYPost
"As I’ve said before, bitcoin is nothing more than a confidence game. It’s worth nothing if people suddenly lose their confidence in this fake digital currency. It’s backed by nothing. It’s the definition of a con. I’ve said the same thing when a bitcoin was selling for $20,000. And still was saying it when it plunged to $4,000. Its real worth: $0."
John Crudele, Columnist
May 20, 2019
$7,995.97

Bitcoin Will Soon Be Worth Zero

NYPost
"Bitcoin will soon be worth zero. But until then criminals will still be able to use it and other digital currency to move money around the world without being caught."
John Crudele, Columnist
May 19, 2019
$8,189.38

Buying Bitcoin Is A Fool's Game

Twitter
"Don’t be fooled by #bitcoin’s recent bump. Buying bitcoin is a fool’s game."
Steve Hanke, Economist and Professor, Johns Hopkins University
May 14, 2019
$7,978.01

Kevin O’Leary Calls Bitcoin ‘Garbage’

CNBC
"Bitcoin is essentially a “digital game” and is “worthless,” “Shark Tank” investor Kevin O’Leary told CNBC on Tuesday. “It is a useless currency,” O’Leary, chairman of O’Shares ETFs, said on “Squawk Box. "To me, it’s garbage, because you can’t get in and out of it in large amounts.”"
Kevin O’Leary, Businessman
May 5, 2019
$5,823.8

Warren Buffett Says Bitcoin Is A ‘Gambling Device’

CNBC
"“It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything,” Buffett told a group of reporters ahead of Berkshire Hathaway’s annual meeting at the CHI Health Center in Omaha, Nebraska. “It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me,” he added."
Warren Buffett, CEO, Berkshire Hathaway
May 4, 2019
$5,876.01

Bitcoin Is Unreliable And Susceptible To Fraud

Twitter
"Bitcoin is up 6% to its yearly high of around $6,000. Don’t be fooled, a 6% uptick is nothing after its huge plunge. Bitcoin is unreliable and susceptible to fraud, it is not a currency, but nothing more than a highly-speculative asset"
Steve Hanke, Economist and Professor, Johns Hopkins University
2019
Apr
April 4, 2019
$4,917.85

The Best Thing To Do With Crypto? Burn It With Fire

BREAKERMAG
"First of all, the cryptocurrencies don’t actually work as currency. That’s the big deal. They’re hard to buy because they are deliberately incompatible with the rest of the financial system. They’re incredibly hard to hold on to because, well, something goes wrong it’s “Sorry for your loss.” That’s a function of the irreversible design. And finally, they’re actually really hard to spend. Most merchants who accept cryptocurrency aren’t actually accepting cryptocurrency, they’re using a service that turns it into dollars."
Nicholas Weaver, Professor, UC Berkeley
April 2, 2019
$4,908.69

Nobody Learned Their Lesson After The Last Crash

Gizmodo
"To be clear, Bitcoin is absolutely worthless by any real measure. It’s fake money that’s about as practical to use in the real world as Monopoly bills. Bitcoin is backed by nothing and requires tremendous amounts of energy to mine using computers. As it becomes more difficult to mine, it saps more and more energy, causing millions of tons of carbon dioxide to be pumped into the atmosphere and accelerating climate change. Bitcoin is little more than a speculator’s death cult at this point."
Matt Novak, Senior Writer, Gizmodo
2019
Mar
March 25, 2019
$3,929.31

Bitcoin Is Nothing More Than ‘Bovine Excrement’

CCN
"The big fatal flaw is that it doesn’t actually work as currency. If you can’t use it as a competitor to all the other actual digital currency systems we have, like, oh, PayPal…. All of these payment systems are vastly more efficient than the cryptocurrencies, unless you’re interested in criminal activity."
Nicholas Weaver, Professor, UC Berkeley
March 24, 2019
$3,994.03

I Know Who's The Guy Behind Bitcoin And When That Comes Out Bitcoin Is Going To Zero

YouTube
"I know who's the guy behind Bitcoin and when that comes out Bitcoin is going to Zero."
Dan Peña, Businessman
March 2, 2019
$3,845.11

The Case Of The Disappearing Bitcoin

The Spectator
"Cryptocurrencies are scams and anybody who puts any money into them and loses the lot only has themselves to blame."
Ross Anderson, Professor, Cambridge University
2019
Feb
February 25, 2019
$3,852.16

Bitcoin Has No Unique Value At All

CNBC
"“Bitcoin has no unique value at all,” Buffett told CNBC’s Becky Quick in a “Squawk Box” interview Monday. “It is a delusion, basically.”"
Warren Buffett, CEO, Berkshire Hathaway
February 14, 2019
$3,592.91

JPMorgan Just Killed The Bitcoin Dream

Barrons
"But that dream is now effectively dead, and blockchain is now fully into its boring phase. The latest and most telling evidence of this arrived this morning, when JPMorgan (JPM) said it had developed and tested a prototype of a digital coin."
Ben Walsh, Reporter, Barrons
February 7, 2019
$3,385.97

Bitcoin Inefficient As Large-scale Payment System

Bitcoinist
"Decentralization requires a process of intensive validation in the consumption of resources, which reduces system efficiency. In contrast, centralized systems with an intermediary trusted by the parties allow the design of much simpler and cheaper systems."
Carlos Conesa, Deputy General Director, Spain’s Central Bank
February 6, 2019
$3,393.67

There's No Good Reason To Trust Blockchain Technology

Wired
"Honestly, cryptocurrencies are useless. They’re only used by speculators looking for quick riches, people who don’t like government-backed currencies, and criminals who want a black-market way to exchange money."
Bruce Schneier, Cryptographer
February 4, 2019
$3,451.12

Crypto Declared Dead, Is This Now The Bottom?

TRUSTNODES
"Primarily all we do with bitcoin is that we trade it. That is awfully similar to tulips and Beanie Babies in their heydays ― and we all know what happened to them. So it is a not a question of if, but more a question of when bitcoin will go to zero."
Atulya Sarin, Professor, Santa Clara University
2019
Jan
January 29, 2019
$3,421.12

Cryptocurrency: Burn It With Fire

arsTECHNICA
"In conclusion, it is a dismal space. Private and permissioned blockchains are an old idea—a good idea—just with a new buzzword on it. The public blockchains are grossly inefficient. The cryptocurrencies don’t work to provide anything against drugs and ransoms and stuff like that. Smart contracts are an unmitigated disaster unless you like comedy gold. And the field is just recapitulating 500 years of failures. So in the end, the only winning move is not to play—unless you like playing with flamethrowers."
Nicholas Weaver, Professor, UC Berkeley
January 23, 2019
$3,576.01

Bitcoin Will Go To Zero: Davos Talks Up The Future Of Blockchain Tech

CNBC
"“I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” Jeff Schumacher, founder of BCG Digital Ventures, said during a CNBC-hosted panel in Davos, Switzerland."
Jeff Schumacher, Founder, BCG Digital Ventures
January 13, 2019
$3,540.16

Bitcoin Will Still Bite The Dust

Coindesk
"Does the subsequent price behavior of bitcoin mean my prediction was wrong? No. I still think that the long-run equilibrium price of bitcoin is zero. It just hasn’t bitten the dust yet."
Kevin Dowd, Economist
January 8, 2019
$4,029.99

Cryptocurrencies A ‘Load Of Nonsense'

CCN
"Ardo Hansson, the governor of Bank of Estonia, has claimed that cryptocurrencies would die as a complete load of nonsense while speaking at “5 Years with the Euro” conference in Latvia. The policymaker assured that the bubble has already started to collapse and it should continue to do unless the market reaches “a new kind of equilibrium.” “I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story,” said Hansson."
Ardo Hansson, Governor of Bank of Estonia
2018
Dec
December 31, 2018
$3,740.5

No Investment Strategies Are Worse Than Cryptocurrencies

CCN
"The simple truth is that there are virtually no investment strategies that are worse ideas than cryptocurrencies. “Investing” in bitcoin and other cryptocurrencies is pure, unadulterated speculation. I put investing in parentheses because this is not investing, it is speculating. Cryptocurrencies are the “Tulipmania” of the 21st century."
Robert R. Johnson, Professor
December 30, 2018
$3,880.91

Bitcoin Maximalists' Impossible Dream

Forbes
"If currencies are fundamentally tribal, how can Bitcoin possibly become the “new gold standard”, as maximalists dream? Humans don’t take kindly to attempts by other tribes to eliminate their tribal symbols and impose those of another tribe. They have to be persuaded, not coerced. Currently, Bitcoin maximalists can’t even persuade other Bitcoiners to support their coin. The idea that they could persuade all the people of the world to throw away their tribal currencies and adopt their version of Bitcoin is laughable. When’s the next fork, by the way?"
Frances Coppola, Columnist, Coindesk
December 20, 2018
$4,107.69

Bitcoin's Terrible 2018 Doesn't Bode Well For The Future Of Crypto

engadget
"Bitcoin was never more than a vehicle for tax evaders and grifters to burn carbon in the hope of scoring a hot new Lambo. It represents all of our worst excesses, and it does so at a huge cost both to the people and our planet. Perhaps now that the investment has dwarfed the potential return, this collective hysteria will end. At least until the next one comes along."
Daniel Cooper, Senior Editor, engadget
December 18, 2018
$3,703.81

The Decline Is Fundamental, Unsolvable, And The End Of BTC

SeekingAlpha
"Bitcoin is literally worth nothing. Bitcoin has no chance of success because it’s worthless. It has nothing backing it but an illusion; no gold or silver or even a decree that it’s legal tender. It has no intrinsic value and no one needs it. Bitcoin doesn’t actually have any intrinsic value of any sort backing it – only vague assertions of its potential usefulness in the future. Your currency is only worth what other people believe it’s worth and I’ll present a few reasons why Bitcoin will never be generally agreed upon as something of worth."
Anthony Garcia, Financial Advisor
December 17, 2018
$3,540.2

BTC Will Be ‘Worthless And Have Zero Value’ In 2019

Express
"I’m afraid I am predicting it to go to zero value as it has no utility, it does not do anything and they intentionally are anti-scaling."
Calvin Ayre, Founder, Bodog
December 14, 2018
$3,223.76

Bitcoin Is Pretty Much Dead, Says Teenage Crypto Phenom

MarketWatch
"Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last,” Finman told MarketWatch. “It may have a bull market or two left in it, but long-term, its dead."
Erik Finman, Bitcoin Investor
December 11, 2018
$3,378.12

Good News: Bitcoin Is Becoming Worthless

TreeHugger
"We’ve known bitcoin was dropping for a while, but the nails are really going in the coffin now. It costs $5,000 to make a bitcoin. But bitcoin is now only selling for $6,000. If this pattern keeps up, it’ll soon cost more to make bitcoin than bitcoins are actually worth, meaning nobody will bother making them anymore. Bitcoin is a colossal waste of energy that will soon be no more. Good riddance."
Ilana Strauss, Writer
December 10, 2018
$3,447.35

How Low Will Bitcoin Now Go?

TheConversation
"Bitcoin also fails to meet the criteria of a currency. Its the price movements are too volatile to be a unit of account. The transaction capacity of the Blockchain is too limited for it to be a medium of exchange. Nor does it appear to be a good store of value. Since it produces no income, has limited scarcity value, and few people are willing to use Bitcoin as currency, it is even possible that Bitcoin has no intrinsic value."
Lee Smales, Professor, University of Western Australia
December 9, 2018
$3,566.34

The Bitcoin Con May Soon Be Over

MotherJones
"Cryptocurrencies are inherently a dumb idea. But aside from being a con, they also waste enormous amounts of energy in service of a pointless goal. The sooner Bitcoin crashes the better off the entire world will be."
Kevin Drum, Journalist
December 7, 2018
$3,404.46

Is Bitcoin Going To Zero?

Forbes
"In my opinion, bitcoin is dead. It won’t go quietly, but the recent precipitous drop may be the beginning of its inevitable and inexorable death spiral. Or there could be a dead cat bounce. Either way, I see bitcoin as a dead man walking. Future generations may read about bitcoin in a finance textbook as a curiosity and wonder what all the fuss was about. There are still some die-hard adherents espousing the virtues of bitcoin, desperate to make a silk purse out of a sow’s ear. Unfortunately for them, the end may not be pretty when it comes."
Peter Mallouk, Wealth Manager
December 3, 2018
$3,855.68

Bitcoin Is Close To Becoming Worthless

MarketWatch
"Just one year has passed since bitcoin enthusiasts forecasted that the cryptocurrency would hit a price of $1 million. But that was then. With the price of bitcoin having fallen almost 80% from its peak, and now trading well-below the support level of $6,000, everyone is wondering where it goes from here. The answer is, a swift and painful drop to zero."
Atulya Sarin, Professor, Santa Clara University
2018
Nov
November 30, 2018
$3,992.16

Bitcoin Becomes A Story Of Boom And Bust

Bloomberg
"The world’s premier cryptocurrency has bounced back from selloffs before but this time may be different. Regulators are cracking down and investors’ fear of losing everything is overtaking their fear of missing out. The route is a setback for people who hoped digital cash would challenge Visa and Mastercard. It vindicates Warren Buffet and others who have compared electronic currencies to a Ponzi scheme."
???, ???
November 28, 2018
$4,241.58

Why A Nobel Laureate In Economics Thinks Bitcoin Is Toast

PBS
"The problem with bitcoin at the moment, despite Ohio, is just what its champions decry: It is not a government-controlled currency. And therefore, asks Merton, who is responsible for the value of our currency if tomorrow morning all the bitcoin screens go dark?"
Robert C. Merton, Economist
November 27, 2018
$3,800.2

Don't Be Tricked, Buying Bitcoin Is A Fool

Twitter
"Bitcoin is down below $4,000./ BTC from nearly $20,000/BTC a year ago. Bitcoin is all about speculation. Don’t be tricked, buying bitcoin is a fool’s game."
Steve Hanke, Economist and Professor, Johns Hopkins University
November 26, 2018
$3,761.42

The Bitcoin ‘Pyramid Scheme’ Continues To Collapse

NYPost
"Bitcoin, while not officially a product of traditional Wall Street, is a pyramid scheme. A fraud. But it is best described as a “confidence game.” I’ve been calling it a “bitcon” for a long time. And now the pyramid seems to be collapsing because fewer and fewer people have confidence that the price of this inherently worthless “cryptocurrency” is going to continue to rise."
John Crudele, Columnist
November 21, 2018
$4,574.36

Jamie Dimon And Warren Buffett Have The Last Laugh On Bitcoin

Bloomberg
"Nothing on the Bitcoin label turned out to be in the bottle. As a means of payment, it is cumbersome, volatile and expensive. It has destroyed value rather than storing it. Its decentralized technology was sold to investors as being unique. It has been anything but."
Lionel Laurent, Columnist, Bloomberg
November 20, 2018
$4,413.8

Victims Of Bitcoin Insanity Are Quickly Piling Up

MarketWatch
"As history has proven on multiple occasions, most bubbles end with the majority of investors losing massive amounts of money as they hold and hope for the bubble to reflate. Regrettably, after bubbles pop, they can take decades to recover and “take out” the bubble price high, or, worst-case scenario, disappear. I think bitcoin will be a worst-case scenario situation."
Ivan Martchev, Investment Strategist
November 17, 2018
$5,536.07

Bitcoin's Rollercoaster Ride Finally Comes Off The Tracks

Independent.ie
"So much for Bitcoin, beloved of libertarians, drug dealers and, for a few golden years, the private sector currency that was set to displace the hated money of central banks. A week of sharp falls in its value has caused investors to question whether it is even viable as a financial asset, let alone a global currency that would one day replace the dollar or euro. Perhaps the next time you look at that Bitcoin ad, you should ask yourself: “What’s it worth in pet tortoise skeletons?” For everything else, there are euros."
David Chance, Writer
November 15, 2018
$5,620.88

Getting Poorer With Bitcoin

Numismatic News
"Where does Bitcoin go from here? Figuring out its price is more like going to Las Vegas and placing a bet. If you are good at reading market psychology, you might just make a profit trading in and out of the market. Just don’t hold it for the long term. It will continue to fall. Someday, it will be worth nothing."
Dave Harper, Blogger
2018
Oct
October 15, 2018
$6,513.38

The Big Blockchain Lie

Project Syndicate
"No serious institution would ever allow its transactions to be verified by an anonymous cartel operating from the shadows of the world’s authoritarian kleptocracies. So it is no surprise that whenever “blockchain” has been piloted in a traditional setting, it has either been thrown in the trash bin or turned into a private permissioned database that is nothing more than an Excel spreadsheet or a database with a misleading name."
Nouriel Roubini, Economist and Professor, NYU
October 11, 2018
$6,177.23

Dr. Doom Says Bitcoin Represents The Mother Of All Bubbles

MarketWatch
"It is clear by now that bitcoin and other cryptocurrencies represent the mother of all bubbles…"
Nouriel Roubini, Economist and Professor, NYU
October 1, 2018
$6,578.79

Bitcoin: 10 Years Of Smoke And Mirrors

Medium
"Bitcoin has failed because it doesn’t solve a problem that enough people have — except for criminals and country dictators who want an unregulated, anonymous currency with which to do business out of the public eye."
Karen Webster, Emerging Payments Writer
2018
Aug
August 30, 2018
$6,982.4

Bitcoin And Other Cryptocurrencies Are Useless

Economist
"But as things stand there is little reason to think that cryptocurrencies will remain more than an overcomplicated, untrustworthy casino."
???, ???
August 15, 2018
$6,270.04

Bitcoin Is Useless As A Payment Mechanism And Ridiculous As A Store Of Value

CNBC
"Bitcoin will continue to fall, because “there’s just no value there,” former PayPal CEO Bill Harris told CNBC on Tuesday."
Bill Harris, Former CEO, PayPal
August 14, 2018
$6,192.31

Interest In Bitcoin Is Waining

Twitter
"Actually my political and economic tweets get far more attention than my bitcoin tweets. Interest in Bitcoin and crypto currencies in general is waining, hence the price declines."
Peter Schiff, Stock Broker / Economist
August 13, 2018
$6,252.37

You Are Transferring Nothing

Twitter
"Bitcoin is great to transfer, but not for buying stuff. The reason it’s so easy to transfer is that you are transferring nothing. Actual value is harder to transfer."
Peter Schiff, Stock Broker / Economist
2018
Jul
July 31, 2018
$7,726.89

Why I’m A Crypto Skeptic

NYTimes
"“Cryptocurrencies… Their value depends entirely on self-fulfilling expectations — which means that total collapse is a real possibility. If speculators were to have a collective moment of doubt, suddenly fearing that Bitcoins were worthless, well, Bitcoins would become worthless.”"
Paul Krugman, Economist
July 13, 2018
$6,217.61

With The Con That's Bitcoin, There's No There There

RealClear Markets
"It is a mathematical fact that when the price of bitcoins goes to zero, this zero-sum game will have completed its circle. Every dollar of profit that anyone made trading bitcoins will be matched by the losses of other bitcoin traders."
Gary Smith, Professor, Pomona College
July 12, 2018
$6,245.63

Bitcoin Will Die

CoinGape
"Unless Bitcoin is able to become more efficient at mining, and more stable overall, it is likely to die. These higher mining costs and the fact that more retailers are failing to accept bitcoin as payment – as they are unable to convert it as it is too expensive – will mean the end of it."
Joseph Carson, Chief Security Scientist, Thycotic Software
July 4, 2018
$6,584.77

Why Bitcoin May Soon Be Worth Nothing

NYPost
"I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud."
John Crudele, Columnist
2018
Jun
June 29, 2018
$6,203.9

Wolf Of Wall Street Jordan Belfort On Bitcoin: Get Out If You Don't Want To Lose All Of Your Money

CNBC
"“[Bitcoin] is all based on the Great Fools Theory,” Belfort says in a recent YouTube video. “I know this better than anyone in the world. I’m not proud of that, but I do.” Belfort says bitcoin’s price surges are thanks only to a belief by buyers that there will continue to be ‘greater fools’ who they can sell the asset to at a higher price."
Jordan Belfort, Former Stockbroker, Convicted Felon
June 28, 2018
$5,848.26

Bitcoin Has Fallen To Its Lowest Point Since November And Will Probably Be Totally Wiped Out

Independent
"My instinct is that these cryptocurrencies will disappear in a puff of smoke. I just hope too many people are not too damaged when it happens."
Hamish McRae, Commentator, The Independent
June 23, 2018
$6,170.56

Talk Of Bitcoin's Demise Was On The Money

NZ Herald
"Speculation, hype and mania led bitcoin to become arguably one of the largest investment bubbles in history."
Mike Taylor, Trader
June 18, 2018
$6,709.48

Bitcoin Is An Environmental Disaster And Could Bring The Internet To A Halt, Study Says

South China Morning Post
"Bitcoin miners are using as much electricity as Switzerland, while the computing power needed to deal with bitcoin growth would eventually overwhelm all computers, the Bank of International Settlements said"
The Bank for International Settlements, ???
June 15, 2018
$6,410.72

Bitcoin's Greater Fools Go Into Hiding

Bloomberg
"The historical record of Bitcoin suggests its greatest leaps are made thanks to speculation, rather than to any real progress in utility or technology. Bitcoin’s rise to $19,000 from $6,500 at the end of 2017 was fueled by the belief that the price was only ever going to go up. There was no evidence of any increased adoption in the real world — if anything, the heuristics of Bitcoin trading called for hoarding, or HODLing, to sit on the gains."
Lionel Laurent, Columnist, Bloomberg
2018
May
May 22, 2018
$7,983.52

There’s A ‘Decent Probability’ Bitcoin Goes To Zero, Says Vanguard Economist

MarketWatch
"“Over the past few months, I’ve gotten this question more than any other,” wrote Davis. “As for bitcoin the currency? I see a decent probability that its price goes to zero.”"
Joe Davis, Economist
May 17, 2018
$8,058.6

Bitcoin’s Energy Use Got Studied, And You Libertarian Nerds Look Even Worse Than Usual

Grist
"It’s a telling social phenomenon of late capitalism that we are willing to construct elaborate computer networks to conduct secure transactions with each other — and in the process torpedoing our hopes at a clean energy future."
Eric Holthaus, Meteorologist, Columnist
May 7, 2018
$9,362.53

They Come To An End

CNBC
"If you and I buy various cryptocurrencies, they're not going to multiply. There are not going to be a bunch of rabbits sitting there in front of us. They're just gonna sit there. And I gotta hope next time you get more excited after I've bought if from you and then I'll get more excited and buy it from you. We could sit in the house by ourselves and we could keep running up the price between us. But at the end of the time there's one Bitcoin sitting there and now we've gotta find somebody else. They come to an end."
Warren Buffett, CEO, Berkshire Hathaway
May 5, 2018
$9,826.6

Warren Buffett Says Bitcoin Is Probably Rat Poison Squared

CNBC
"Bitcoin is “probably rat poison squared."
Warren Buffett, CEO, Berkshire Hathaway
2018
Apr
April 24, 2018
$9,652.16

Bitcoin Is The Greatest Scam In History

Recode
"In my opinion, it’s a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters “pump” up the price of a security creating a speculative frenzy, then “dump” some of their holdings at artificially high prices. And some cryptocurrencies are pure frauds."
Bill Harris, Former CEO, PayPal
April 13, 2018
$7,889.23

Sell All Crypto And Abandon All Blockchain

Financial Times
"Blockchain hype is an essential part of the crypto-craze, and its fading is cause to expect the eventual crash. The reason is a relationship between a beguiling, but wrong, idea about technology, and the value it has injected back into crypto-currencies such as Bitcoin and Ethereum. Break that cycle, and you unspool the loop that’s spun itself into a boom."
Dan McCrum, Writer, Financial Times
April 12, 2018
$7,916.37

This Is All It Would Take For Bitcoin To Become A Worthless Cryptocurrency

MarketWatch
"If the price of bitcoin falls below its cost of mining, it will quickly go to zero.The real concern is that if the price of bitcoin continues to fall, mining will become infeasible, and without enough participants providing the computing power to record the transactions, the transactions will be infeasible and bitcoin will become worthless."
Atulya Sarin, Professor, Santa Clara University
April 11, 2018
$6,939.55

Why Bitcoin Is Bullshit, Explained By An Expert

Vox
"The rationale for these things is that there’s no central authority, which means no one can block or undo a transaction. And so far at least, it’s true that transactions aren’t blocked. But why do you need such a system? Because you’re doing a transaction that a central authority would otherwise block, like paying off a hitman or buying drugs…If that’s what you need money for, the cryptocurrencies are the only game in town. But if you don’t need to buy drugs or hitmen, the cryptocurrencies are vastly less efficient…if you want to buy something you don’t want people to know about, you can just use a pre-paid credit card. There’s still no need for Bitcoin."
Nicholas Weaver, Professor, UC Berkeley
April 10, 2018
$6,830.9

Bitcoin Mania Has Clear Parallels To The Spread Of Infectious Diseases According To Barclays

Markets Insider
"As the hype for cryptocurrencies continued to swell, so did the price. But this can only happen for so long, Barclays explains, much like the spread of an infection among a population."
???, ???
April 9, 2018
$6,773.94

Bitcoin, The Biggest Bubble In History, Is Popping

Bloomberg
"The greatest bubble in history is popping, according to Bank of America Corp. The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note."
Michael Hartnett, Writer
2018
Mar
March 22, 2018
$8,712.89

The Bitcoin Fad Is Over

SeekingAlpha
"Unfortunately, Bitcoin has totally failed to serve its purpose… The cryptocurrency is considered “digital gold,” and has regressive transaction fees that make smaller purchases more expensive compared to credit card…The point is that despite being created as a practical, superior alternative to current payment methods, Bitcoin is the inferior option with regressive transaction fees that render smaller purchases pointless, and longer processing times than credit cards."
Arnuj Naik, Investor
March 14, 2018
$8,196.9

Bitcoin Is Worthless, Bubble May Pop Soon, Allianz Global Says

Bloomberg
"It’s a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors. “In our view, its intrinsic value must be zero,” Stefan Hofrichter, the company’s head of global economics and strategy, wrote in a recent web post. “A bitcoin is a claim on nobody – in contrast to, for instance, sovereign bonds, equities or paper money – and it does not generate any income stream.”"
Stefan Hofrichter, Researcher
March 8, 2018
$9,299.28

7 Reasons Bitcoin Is Doomed

Kiplinger
"They have no real value. The truth is that cryptocurrency advocates are misleading when they call these digital items a currency. Yes, technically they are currencies in that they can be used to buy some goods and services. But cryptocurrencies are fundamentally a speculation — people are buying hoping to sell later at a much higher price."
Steve Goldberg, Entrepreneur
March 5, 2018
$11,432.98

Bitcoin Is Based On The Blockchain Pipe Dream

The Guardian
"In reality, blockchain is one of the most overhyped technologies ever. For starters, blockchains are less efficient than existing databases. When someone says they are running something on a blockchain, what they usually mean is that they are running one instance of a software application that is replicated across many other devices."
Nouriel Roubini, Economist and Professor, NYU
2018
Feb
February 28, 2018
$10,309.64

Cryptocurrency Is A Giant Multi-Level Marketing Scheme

Quartz
"That’s not the currency of the future—that’s a giant multi-level marketing scheme. Broadly defined, multi-level marketing schemes work by creating a structure where people are recruited and then incentivized to recruit new members…"
David Ryan Polgar, Tech Ethicist
February 26, 2018
$10,313.08

World's Largest Asset Manager Says Get Ready To Stomach Complete Losses In Cryptocurrencies

CNBC
"Turnill noted cryptocurrencies’ high volatility, fragmented markets and lack of regulation. “We don’t see them becoming part of mainstream investment portfolios soon,” he said, adding that their volatility makes U.S. stock market turbulence during the financial crisis “almost look placid.”"
Richard Turnill, Global Chief Investment Strategist, BlackRock
February 20, 2018
$11,228.24

No-One Will Pick Up Bitcoin, Warns SA’s Central Bank Governor

Business Insider South Africa
"Lesetja Kganyago, the incoming chair of the International Monetary Fund’s policy advisory committee, says cryptocurrencies pose no threat to the reserve currencies of the world."
Lesetja Kganyago, Govenor, SA Central Bank
February 19, 2018
$11,159.72

BoE's Carney Says Bitcoin Has Pretty Much Failed As Currency

Reuters
"“When the history is written, cryptocurrencies will likely be described as one of the most brilliant scams in history,” Singer said in a letter to clients dated January, which was first reported by Business Insider."
Paul Singer, Hedge Fund Manager
February 10, 2018
$8,556.61

‘Bitcoin Price Is Pure Speculation’ Bank Of Austria Chief Attacks Popular Cryptocurrency

Express
"Bitcoin etc. are by no means currencies, because there is definitely no real value. These so-called cryptocurrencies are pure speculative objects."
Kurt Pribil, Governing Board Member, Austrian National Bank
February 6, 2018
$7,700.39

Bitcoin Savaged By BIS As ‘A Bubble, Ponzi Scheme And An Environmental Disaster’

CNBC
"“While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster,” he said. “The volatility of bitcoin renders it a poor means of payment and a crazy way to store value.”"
Augustin Carstens, General Manager, Bank for International Settlements
February 2, 2018
$8,827.63

Roubini Says Bitcoin Is The ‘Biggest Bubble In Human History’

Bloomberg
"Bitcoin is the “biggest bubble in human history” and this “mother of all bubbles” is finally crashing."
Nouriel Roubini, Economist and Professor, NYU
2018
Jan
January 30, 2018
$10,035

Bitcoin Is Basically A Ponzi Scheme

Seattle Times
"Bitcoin, by contrast, has no intrinsic value at all. Combine that lack of a tether to reality with the very limited extent to which bitcoin is used for anything, and you have an asset whose price is almost purely speculative, and hence incredibly volatile."
Paul Krugman, Economist
January 29, 2018
$11,158.39

Bitcoin’s A Joke, But There Is Serious Money To Be Made

Yahoo Finance
"However, if it can’t be taxed, it can’t buy you a Mars Bar, and it isn’t backed by anything at all – and in fact is poorly viewed by certain authorities. It’s insulting to economists to call it an asset, an investment, or a currency."
David Taylor, Developer
January 26, 2018
$11,090.06

Killing The King — How To End The Reign Of Bitcoin

Hackernoon
"Though it once acted as the face of cryptocurrency and introduced the idea of distributed ledgers and digital assets, it’s time to usher in more promising technology."
Robert Ussery III, Blogger
January 24, 2018
$11,399.52

Bitcoin’s Zero-Sum Game

Inside Story
"Since bitcoins are not useful as a medium of exchange, or desirable in themselves, their true value is zero."
John Quiggin, Professor, University of Queensland
January 22, 2018
$10,772.15

5 Reasons Bitcoin Won't Survive

Investing.com
"Slowing transaction times, skyrocketing fees, tighter rules and regulations, mining problems, loss of anonymity."
Jesse Cohen, Global Markets Analyst
January 19, 2018
$11,514.93

Bitcoin Price Threat: Bitcoin Won’t Last Past 2018

Express
"Bitcoin in its current form, although there are planned upgrades to deal with capacity issues, we think that if the market basically turns its back on bitcoin this year it will really fall out of favour relative to other crypts that have much more utility and value add."
Benjamin Quinlan, CEO and Managing Partner, Quinlan & Associates
January 17, 2018
$11,141.25

Bitcoin Isn't The Future Of Money

Bloomberg
"Blockchain technology gives Bitcoin two crucial characteristics;— it can be exchanged peer-to-peer without the need for a trusted intermediary, and it lets transactions be anonymous. In both these ways, Bitcoin resembles physical cash. But whereas physical cash is the liability of a government, with a central bank controlling its value, Bitcoin is a liability of nobody. This is its fatal flaw as a currency. There’s nothing to stop its value from falling to zero."
David Shipley, Journalist, Bloomberg
January 16, 2018
$11,348.02

Bitcoin Is A Pyramid Scheme, Warns Former Wells Fargo CEO Dick Kovacevich

CNBC
"I think it’s a pyramid scheme. It makes no sense. I’m just surprised it isn’t even lower. There’s no fraudulent thing going on. It’s just a pyramid scheme. You’re betting that somebody is going to buy it. And some people have been right. The fundamentals make no sense."
Dick Kovacevich, Former CEO, Wells Fargo
January 12, 2018
$13,812.72

Bitcoin’s Demise Moves Closer

The Motley Fool
"It is important to remember that Bitcoin is virtually impossible to value; it possesses no utility and has yet to be widely accepted as a currency, even by major e-commerce providers. This means sentiment is driving the price of Bitcoin, and any negative events that impact the confidence of investors could spark a full-blown flight, causing their values to collapse."
Matt Smith, Engineer
January 11, 2018
$13,287.26

Bitcoin Is Not The Currency Of The Future

Social Europe
"The expectation that the price of Bitcoins will continue to rise in the distant future has a lot to do with the belief of many people that Bitcoin, and other “cryptocurrencies”, are the money of the future. Nothing could be farther from the truth. In fact, the Bitcoin is an archaic currency like gold used to be."
Paul De Grauwe, Economist and Professor, London School of Economics
January 10, 2018
$14,890.72

Cryptocurrencies Will Come To A Bad Ending

CNBC
"In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending. If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth."
Warren Buffett, CEO, Berkshire Hathaway
January 7, 2018
$16,178.5

The Guardian View On Cryptocurrencies: A Greater Fool’s Gold

The Guardians
"The central paradox of all these currencies is that we’re told they have eliminated the need for trust between humans and replaced it by mathematical guarantees; but all their tradeable value depends on blind faith and ignorance of computer code."
???, ???
January 5, 2018
$16,937.17

The Bitcoin Revolution Isn’t Coming. Here’s Why

The South China Morning Post
"But bitcoin and the like have the feel to me of beta-versions of the Model T Ford in the early days of motor cars. Fine for proof of concept, but too problem-laden to be useful to most of humanity."
David Dodwell, Investor
January 4, 2018
$15,155.23

Investor Who Called Last Two Major Market Crashes Says Bitcoin Is A Bubble

CNBC
"Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble."
Jeremy Grantham, Investor
January 3, 2018
$15,134.65

The Bitcoin Bubble Will Likely Burst, And Here’s Why

Boston Globe
"It is hard to see bitcoin’s price surge as anything other than a bubble that will ultimately collapse. Bitcoin’s ostensible social function as an anonymous, nongovernmental means of payment carries big risks of its demise. And while blockchain, the platform that records bitcoin transactions, may well have staying power, there is no reason to believe it needs to rely on bitcoin for its success."
Jeffrey D. Sachs, Economist
2017
Dec
December 30, 2017
$12,629.81

Bitcoin—The Andromeda Strain Of Computer Science Research

SMBlog
"Bitcoin has failed. The failures weren’t inevitable; there are solutions to these problems in the acdemic literature. But Bitcoin was deployed by enthusiasts who in essence let experimental code escape from a lab to the world, without thinking about the engineering issues—and now they’re stuck with it."
Steven M. Bellovin, Professor, Columbia University
December 29, 2017
$14,427.87

Why Bitcoin Investors Are Like Stamp Collectors

The Sidney Morning Herald
"The belief or hope that there will always be a greater fool wanting to buy is supposed to be underwritten by bitcoin’s “limited edition” status – a limited number can be produced. Which makes bitcoin buyers more like stamp collectors – or perhaps rare coin collectors."
Michael Pascoe, Financial Journalist
December 28, 2017
$14,428.76

The Great Bitcoin Scam

Forbes
"The only difference between Bitcoin No. ABC123 and $1 Bill No. L88793293J is that at the end of the day, the $1 bill physically exists and has a face value that is worth something. Fred could take the $1 bill and buy something off the $1 menu at McDonalds….By contrast, Bitcoin has no intrinsic value — it is just a number. The number may have an agreed value between two parties, but the number itself has no value."
Jay Adkisson, Attorney
December 27, 2017
$15,378.29

Bitcoin Is An Implausible Currency

Bloomberg
"So when I ask “What is bitcoin good for?” the answer I come up with is “not enough to justify anything like these valuations.” There are all sorts of interesting applications for cryptocurrencies and blockchains. But unless they become a global currency, or a global payment system, I don’t see why, 50 years from now, anyone is going to be willing to pay tens of thousands of dollars to get their hands on one."
Megan McArdle, Economics Writer, Bloomberg
December 25, 2017
$13,917.03

Morgan Stanley Says The True Price Of Bitcoin Might Be Zero

Business Insider
"Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be … $0."
James Faucette, Analyst, Morgan Stanley
December 24, 2017
$13,975.44

The Bitcoin Hoax

Huffington Post
"So the next time the wizards of speculation produce yet another financial collapse, who ya gonna call? Bitcoin? Sorry, there’s nobody home."
Robert Kuttner, Professor, Brandeis University
December 22, 2017
$13,857.15

Ten Years In, Nobody Has Come Up With A Use For Blockchain

Hackernoon
"Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions."
Kai Stinchcombe, CEO, True Link Financial
December 21, 2017
$15,561.05

Bitcoin Heading To $0.00

RT
"These currencies are going to trade to zero or pretty close to it when the bubble pops. Right now, the only reason why people are buying bitcoin is because the price is going up. When it turns around, they are not going to sell it for the same reason. There is no value in bitcoin, you can’t use it as money. It’s too slow, too expensive and too vulnerable."
Peter Schiff, Stock Broker / Economist
December 18, 2017
$18,960.52

The Swedish Co-Founder Of Bitcoin.Com Has Sold All His Bitcoins

Business Insider
"The old bitcoin network is virtually useless. Many bitcoin investors haven’t understood these risks because they have only been buying the cryptocurrency – but never sold or traded them. As soon as people realize that this is how it works, they will start to sell."
Emil Oldenburg, CTO, Bitcoin.com
December 16, 2017
$19,343.04

A Nobel Prize-Winning Economist Says Bitcoin Is A More Obvious Bubble Than Housing Was

Business Insider
"It’s got this mystique about it, because it’s some fancy technological thing that nobody really understands. There’s been no demonstration yet that it actually is helpful in conducting economic transactions. There’s no anchor for its value. You know, unlike pieces of paper with dead presidents on them, those are anchored by the fact that you can use them to pay taxes. There’s not anchor for bitcoin. But bitcoin has developed this mystique."
Paul Krugman, Economist
December 14, 2017
$16,531.08

Bitcoin: The World's First Decentralised Ponzi Scheme

Webb-Site
"Bitcoin is the World’s first distributed, decentralised Ponzi scheme. No single operator is running it, and everyone has a chance to participate in it, but its value is determined purely by the weight of money coming into it and the willingness of holders to sell it. Like any Ponzi scheme, earlier participants came in at lower cost, and are now receiving much of the billions of dollars (yes, really) that newcomers are putting in."
David M. Webb, Investor
December 13, 2017
$16,407.2

Bitcoin Energy Boom Stamps Down Colossal Carbon Footprint

DW
"Few people use bitcoin to buy anything — but everyone pays for its environmental impact."
Alex de Vries, Economist
December 12, 2017
$17,178.1

Bitcoin Is The Most Perfect Bubble Possible

The Washington Post
"Bitcoin has become a Ponzi scheme for redistributing wealth from one libertarian to another. Actually, I would like to amend that a little bit: Bitcoin has now graduated to being a Ponzi scheme for redistributing wealth from one person to another."
Matt O’Brien, Economics Reporter, The Washington Post
December 11, 2017
$16,699.68

Bitcoin Is A Ponzi Scheme, And It Will Collapse Like One

The Hill
"Bitcoin and the like will quickly fade into financial history, just as tulipmania did, serving solely to remind future generations of the folly of gambling on illusions of value."
Bert Ely, Professor, University of South Carolina
December 10, 2017
$15,036.96

Bitcoin Prices Are Headed To $0.00: Peter Schiff

The Street
"Ultimately, I think bitcoin has really no value. In the market, it has plenty of value. As long as there’s buying, there’s value. But when the buying goes away, so does the value."
Peter Schiff, Stock Broker / Economist
December 8, 2017
$16,057.15

A New Gold? Bitcoin Is More Like The Beanie Baby Bubble

The Telegraph
"Bitcoin is more like a limited edition toy than an investment. It has no value except for the sheer hope that it will one day become valuable."
Zac Bissonette, Economist
December 7, 2017
$16,858.02

Bitcoin Boom May Be A Disaster For The Environment

CNN
"The CME futures may institutionalize bitcoin, which would be disastrous [for the environment]."
John Quiggin, Professor, University of Queensland
December 6, 2017
$13,708.99

Greenspan Compares Bitcoin To Colonial America Currency That Eventually Became Worthless

CNBC
"Former Federal Reserve Chairman Alan Greenspan told CNBC on Wednesday that bitcoin reminds him of currency issued during America’s Colonial past that ultimately proved worthless. “Humans buy all sorts of things that aren’t worth anything,” Greenspan said. “People gamble in casinos when the odds are against them. It has never stopped anybody.”"
Alan Greenspan, Former Chairman, Federal Reserve
December 5, 2017
$11,696.06

Bitcoin: French Economist Predicts Day Of Reckoning

Irish Times
"On Monday, the chairman of France’s market regulator denounced Bitcoin as a “dangerous illusion” and a tool for criminals. “It’s a way to purchase illicit goods, it’s a way to launder illicit income, it’s a way to develop and pay for cybercrimes and it’s a pure empty commodity,” Robert Ophele, chairman of the Autorite des Marches Financiers, said in a Bloomberg Television interview from Tokyo. “If it were a currency, it would be a very bad one.”"
Robert Ophele, Chairman, the Autorite des Marches Financiers
December 4, 2017
$11,616.86

Bitcoin Is A Dangerous Speculative Bubble

CNBC
"With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a “dangerous speculative bubble.” Roach suggested that exchange legitimization makes bitcoin “somewhat dangerous” for investors, given what he described as a “lack of intrinsic underlying economic value to the concept.”"
Stephen Roach, Economist
December 3, 2017
$11,180.89

Economist James Rickards On Gold Versus Bitcoin — Intrinsic Value Is Meaningless For Both But The Bitcoin Prices Aren't Real

Business Insider
"Personally I’m very skeptical of bitcoin, I know where the price action is. It’s, you know, going up about 10% a day at this point. Although bitcoin could go up to 20,000, it can go to 30,000. It’s on it’s way to zero — somewhere between zero and 200. It’s a utility token for criminals, terrorists, money launderers, tax evaders — they’ll always find some use for it. So it might not go all the way to zero. It’s clearly a bubble — it looks like the second biggest bubble in history after tulip mania. Although at the rate it’s going it will pass tulip mania, you know, in a matter of days. [It’s] bigger than the south sea bubble, bigger than the Mississippi bubble, New York’s — the Dow Jones in 1929, the Nikkei in 1989 — name your bubble, it’s bigger than all of them."
James Rickards, Economist, Investment banker
December 2, 2017
$10,895.01

When This Happens, Bitcoin Could Be Doomed

The Motley Fool
"For those who may not recall, bitcoin upgraded its blockchain four months ago, boosting its capacity while lowering transaction fees and settlement times. This was done to attract big businesses, but there’s nothing to guarantee that bitcoin’s blockchain will be the preferred choice when there are so many other choices."
Sean Williams, Investor
December 1, 2017
$10,859.56

There's A Fatal Flaw In Cryptocurrencies Which Means They Can Never Be Real Currencies

Business Insider
"The problem that cryptocurrencies face is that they fail the two key metrics of what makes a currency a currency,” Donovan said. “A currency has to be a widely used medium of exchange. Cryptocurrencies are never going to achieve that. Period.” “The fatal issue for cryptocurrencies is that the supply of them can only ever go up,” he said. “There is unlimited upside to the supply of cryptocurrencies.”"
Paul Donovan, Economist
2017
Nov
November 30, 2017
$9,916.54

Bitcoin Is A Delusion That Could Conquer The World

The Atlantic
"It has not transformed the economy of today. While the number of bitcoin transactions is growing every year, it’s nothing close to a mass-market consumer technology, like Google, or Netflix, or even PayPal. Bitcoin remains cumbersome to use (the typical transaction can take up to 10 minutes) and the price is extremely volatile. It is, for now, a frankly terrible currency built on top of a potential transformative technology."
Derek Thompson, Staff Writer, The Atlantic
November 29, 2017
$9,816.35

Bitcoin ‘Ought To Be Outlawed,’ Nobel Prize Winner Stiglitz Says

Bloomberg
"“So it seems to me it ought to be outlawed,” Stiglitz said Wednesday in a Bloomberg Television interview with Francine Lacqua and Tom Keene. “It doesn’t serve any socially useful function.”"
Joseph Stiglitz, Economist
November 28, 2017
$9,908.23

You're Gonna Lose All Your Money On Bitcoin, Idiots

Splinter
"Bitcoin is a fake and made-up scam. Can you articulate what it is? “Bullshit jargon that means nothing”-you. Hell no. All we can say for sure about this imaginary “coin” is that it is going to cost you a bundle (sucker)….. Then there are the idiots—like you—who say, “Where I can but some ‘Bitcoin’ to get rich, like all my ‘gamer’ friends?” A wise man once said “What goes up must come down” and another, wiser man once said “All This Bitcoin Stuff Is Fake.” It’s not real, folks."
Hamilton Nolan, Reporter
November 27, 2017
$9,739.06

Time To Sell Your Bitcoins: Cryptocurrencies Success A Bubble, Central Bankers Around The World Warn

Financial Express
"Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble….The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything,” ….although technology is revolutionising banking, digital currencies will not replace physical money anytime soon. “It’s too far off.”"
???, ???
November 23, 2017
$8,002.64

The Guardian View On Cryptocurrencies: Blockchain Of Fools

The Guardian
"Even if they were widely accepted by legal merchants, it would at the moment be lunatic to exchange them for anything but real money. Bitcoin itself is trading at more than $8,000, more than 10 times its price a year ago, and more than double what it was three months ago. Since it is only widely used as a currency in drug deals or for ransom payments, there is either a huge boom in criminal activities outside the world of cryptocurrencies, or one within unregulated exchanges where these tokens are traded."
???, ???
November 21, 2017
$8,095.59

Bitcoin Is Dead. It Was Split Into Two.

Twitter
"Bitcoin is dead. It was split in two. There is bitcoin cash, and bitcoin core/legacy. Deal with it."
Deadal Nix, Developer
November 16, 2017
$7,843.94

Why Bitcoin Will Go The Way Of The Tulips

Financial Review
"We can predict the collapse of the value of Bitcoin, even when it may rise for a little while longer. The introduction of exchange-traded futures may signal the start of this process. Give it a year, maybe less. Bitcoin will become a case study for economics students, teaching them about irrational crowd behaviour."
Elmer Funke Kupper, Director, Suncorp Group
November 14, 2017
$6,598.77

One Of Asia's Largest Banks Says Bitcoin Is A Ponzi Scheme

CNBC
"We see bitcoin as a bit of a Ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday."
David Gledhill, Banker
November 10, 2017
$6,570.31

Bitcoin Price Will Go To Zero As Bitcoin Will Struggle To Remain The Dominant Cryptocurrency

City Falcon
"Blockchain technology is here to stay. Blockchain has plenty of uses outside cryptos (smart contracts embedded in Ethereum are one such example), but Bitcoin probably won’t be the reigning technology in the future. It’s overvalued with a limited chance of success, most likely be replaced by a better cryptocurrency."
Ruzbeh Bacha, Fintech Entrepreneur
November 7, 2017
$7,118.8

Bitcoin Has No Future Because Of Its Anonymity, SocGen CEO Says

CNBC
"I can’t see a future of this when I see the attention played by all governments and regulators on anti-money laundering, on anti-tax evasion, on anti-terrorism financing. The anonymity of the transaction is a problem I think which would put pressure on bitcoin."
Frederic Oudea, President, European Banking Federation
November 5, 2017
$7,382.45

Bitcoin Is On The Same Path As Every Bubble In History

Telegraph
"It can hardly be viewed as a store of value. That requires at least a modicum of stability. Unlike the pound in my pocket, however, I can have no idea what a bitcoin will be worth tomorrow or in a year’s time. That, in turn, reduces its value as a unit of account. Why would another individual be prepared to accept my bitcoin for a good or service when its future value is so uncertain; for the same reason, why would I want to spend my volatile bitcoin rather than hoard it in the hope of further appreciation."
Tom Stevenson, Investment Director, Fidelity International
November 2, 2017
$7,030

Bitcoin Is The Very Definition’ Of A Bubble, Credit Suisse CEO Says

Bloomberg
"From what we can identify, the only reason today to buy or sell bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble,” he said at a news conference in Zurich on Thursday. He added that in the history of finance, such speculation has “rarely led to a happy end.”"
Tidjane Thiam, Former CEO, Credit Suisse
November 1, 2017
$6,750.17

Greater Fool Theory: The Bitcoin Bubble

Economist
"People are buying Bitcoin because they expect other people to buy it from them at a higher price; the definition of the greater fool theory. …When the crash comes, and it cannot be too far away, it will be dramatic."
Buttonwood, Economist
2017
Oct
October 28, 2017
$5,732.83

Inside Warren Buffett’s Master Class On Bitcoin

MarketWatch
"People get excited from big price movements, and Wall Street accommodates…you can’t value Bitcoin because it’s not a value-producing asset.” It’s a “real bubble."
Warren Buffett, CEO, Berkshire Hathaway
October 25, 2017
$5,733.9

Bitcoin Mining Wastes Vast Amounts of Energy, Harms Environment

Coin Telegraph
"One thing is certain: the current scenario is not sustainable."
Frisco D'Anconia, Journalist
October 24, 2017
$5,518.85

UCLA Faculty Voice: Bitcoin Is An Energy-Wasting Ponzi Scheme

UCLA
"Digital currencies, in their current form, should be prohibited by law. And not because they are a Ponzi scheme (which they are), and not because they can help facilitate criminal activity (which they do), but because they incur colossal social waste…."
Ivo Welch, Professor, UCLA
October 23, 2017
$5,895.3

Prince Alwaleed Says Bitcoin Will Implode: Enron In The Making

CNBC
"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 bin Talal, Businessman
October 16, 2017
$5,754.22

Nobel-Winning Economist Shiller Calls Bitcoin A Fad

CNBC
"Bitcoin is a fad, just like bimetallism before it."
Robert Shiller, Nobel Prize Winning Economist
October 15, 2017
$5,697.39

Peter Schiff: Bitcoin Is Not The Money Of The Future

The Street
"I believe it’s not going to succeed in delivering the monetary utility that people expect. I do not think it’s going to be the money of the future. I think it’s the bubble of the present."
Peter Schiff, Stock Broker / Economist
October 13, 2017
$5,640.13

Jamie Dimon Says If You're Stupid Enough To Buy Bitcoin, You'll Pay The Price One Day

CNBC
"I could care less about bitcoin….I don’t personally understand the value of something that has no actual value. You all can do whatever you want and I don’t care…..If you’re stupid enough to buy it, you’ll pay the price for it one day. I’ve also told people that it can trade at $100,000 before it trades to zero. The only value of bitcoin is what the other guy’ll pay for it. Who cares about bitcoin? The world economy’s so big, JPMorgan alone, $6 trillion, we move all this money, and bitcoin in total, all these currencies, $50 billion dollars, maybe a billion dollars trades a day."
Jamie Dimon, CEO, JP Morgan Chase
October 10, 2017
$4,754.7

Gary Shilling Calls Bitcoin A Black Box And Says He Doesn't Invest In Things He Doesn't Understand

Business Insider
"It’s a black box and I’m not a believer in black boxes. I’m just very suspicious of things that are not transparent. If I can’t understand it, I don’t want to invest in it."
Gary Shilling, Financial Analyst
October 9, 2017
$4,772.98

Bitcoin's Price Bubble Will Burst Under Government Pressure

The Guardian
"My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse….it is folly to think that bitcoin will ever be allowed to supplant central-bank-issued money."
Kenneth Rogoff, Economist
October 2, 2017
$4,404.1

Larry Fink Says Cryptocurrencies Show Level of Money Laundering

Bloomberg
"Bitcoin just shows you how much demand for money laundering there is in the world."
Larry Fink, ???
2017
Sep
September 28, 2017
$4,185.29

Bitcoin's Fabulous Rise Will Eventually End In Tears

South China Morning Post
"Cryptocurrencies are going up because they are going up; they are the Kardashians of the financial world; famous for being famous. But fame does not last forever, nor do market manias. Then the very same very wise, high profile and analytical financial observers will then try to convince us that they were the first to warn us!"
Bill Harris, Former CEO, PayPal
September 27, 2017
$4,208.56

Bitcoin Is A Fraud, Wolf Of Wall Street Jordan Belfort Proclaims

The Street
"The Wolf of Wall Street" Jordan Belfort thinks bitcoin is a fraud,….He expects a central bank to introduce a cryptocurrency of its own “and that’s what will take hold.”"
Jordan Belfort, Former Stockbroker, Convicted Felon
September 25, 2017
$3,927.5

Bitcoin To Zero

Stockhouse.com
"Bitcoin has absolutely no value now, and it’s going to cost people a lot of money. Okay, it’s gone from 4,700 to 3,500 in a week, and it’s going to go from 3,500 to zero. Now, it might go from 3,500 to 10,000 first, but it’s going to end up being zero. Bitcoin is a pseudocurrency. It’s no more suitable as money than salt or big round rocks."
Bob Moriarty, Investor / Pilot
September 21, 2017
$3,612.68

ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip

Bloomberg
"Bitcoin is a sort of tulip. It’s indeed an instrument of speculation for those that want to bet on something that can go up and down 50% or 40% in a few days but certainly not a currency, and certainly we don’t see it as a threat to central banking or monetary policy, that’s for sure."
Vítor Constâncio, Former ECB Vice President
September 20, 2017
$3,858.09

Stay Away From Bitcoin, It's An Absolute Bubble, Says Tocqueville's Hathaway

Kitco.com
"Tocqueville’s Chairman John Hathaway doesn’t mince words when it comes to to talking bitcoin. When asked about the cryptocurrency craze, Hathaway, manager of the $1.2 billion dollar Tocqueville gold fund, simply said, ‘garbage.’ “It's an absolute bubble -there's no question in my mind that it's in a bubble."
John Hathaway, Asset Manager
September 19, 2017
$3,897

Bridgewater Founder Ray Dalio: Bitcoin Is A Bubble

CNBC
"Bitcoin is a bubble."
Ray Dalio, Hedge Fund Manager
September 18, 2017
$4,067.08

Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero

Wall Street Journal
"So is a single bitcoin worth $500,000, $5,000, $500 or $0? I’m inclined to say $0, especially if bitcoin’s value depends on it being adopted as a global digital currency to replace dollars. There is no chance whatsoever that bitcoin can displace the dollar, for the simple reason that it is badly designed. Bitcoin can handle a pathetically small number of transactions, and uses an inordinate amount of electricity to do so, making it entirely unsuitable to replace ordinary money."
James Mackintosh, Investment Writer
September 17, 2017
$3,672.57

John McAfee Accidentally Just Revealed Why Bitcoin Is A Total Fraud

Natural News
"Will that totalitarian regime allow all their central banks and government currencies to be made obsolete by a libertarian cryptocurrency they don’t completely control? Of course not. And anyone who believes Bitcoin will overthrow the globalist money / debt cartels is naive and stupid. Trust me when I say a bunch of geeks aren’t going to overthrow centuries of globalist money domination that now rules our corrupt world."
Mike Adams, Journalist
September 15, 2017
$3,686.9

JPMorgan's Top Quant Strategist, Echoing CEO, Compares Bitcoin To Pyramid Scheme

CNBC
"JPMorgan’s top quant strategist backed his boss this week in bashing bitcoin, warning that the cryptocurrency is likely a “pyramid scheme.”"
Marko Kolanovic, Researcher, JP Morgan
September 13, 2017
$3,874.26

Bitcoin Is In A Bubble, And Here's How It's Going To Crash

CNBC
"Computer, biotech, internet shares and real estate, and all crashed when excessive optimism far outweighed the more rational expectations normally associated with prudent investing. So too will be the case with bitcoin."
Ron Insana, Finance Reporter
September 12, 2017
$4,148.27

JPMorgan CEO Jamie Dimon Says Bitcoin Is A Fraud That Will Eventually Blow Up

CNBC
"It’s just not a real thing, eventually it will be closed. It’s worse than tulip bulbs. It won’t end well."
Jamie Dimon, CEO, JP Morgan Chase
September 11, 2017
$4,188.85

What Bitcoin Isn’t

Moneyweb
"UBS and other banks, even some central banks, have adopted blockchain technology that speeds up transactions between the major banks of the world. But you need to separate the underlying technology, which is rather dull, from bitcoin itself, which might be exciting, but it’s not an actual currency."
Paul Donovan, Economist
September 9, 2017
$4,291.88

Why China Crushed Bitcoin

Forbes
"Bitcoin’s buzz is gone, for now. It was crushed by the heavy-handed intervention of the Chinese government, which is cooling off investor enthusiasm for the digital currency…."
Panos Mourdoukoutas, Economist and Professor, LIU Post
September 7, 2017
$4,638.1

Bitcoin, Ether And Other Cryptocurrencies May Be Seeing The Beginning Of The End

MarketWatch
"The sudden Chinese crackdown on the virtual coin fundraising of bitcoin and other cryptocurrencies that caused the plunge is either the end of the beginning for the crypto-party — or, more likely, the beginning of the end…."
Brett Arends, Financial Journalist
September 5, 2017
$4,422.12

Bitcoin's Price Hit $5,000 Last Week. It's Still A Dumb Investment

LA Times
"So here’s my short answer. No, I don’t feel silly, but vindicated. If the recent run-up in bitcoin price proves anything, it’s that the virtual currency is still a dumb investment."
Michael Hiltzik, Columnist, LA Times
September 4, 2017
$4,319.72

The Death Of Bitcoin And The Future Of Cryptocurrencies

SeekingAlpha
"While we wait for Big Financial to take over this movement, if you own some Bitcoins, sell them now, please. Who cares if you miss some of the run up until it crashes?"
John Lohr, Investment Manager
September 3, 2017
$4,631.7

Bitcoin – A Textbook Example Of Investing Psychology

Libertarian Home
"So, for what it is worth, be warned. If you have investments in crypto currencies, you are invested in a Ponzi scheme. At the end of this, for every winner, there will have to be the same amount of losers. The only way to not end up on the losing side is, to sell before everyone else does."
Nico Metten, Blogger
2017
Aug
August 25, 2017
$4,408.32

Here's How Bitcoin Will Collapse

TheStreet
"Bitcoin is a gigantic bubble ready to explode, according to Euro Pacific Capital CEO Peter Schiff."
Peter Schiff, Stock Broker / Economist
August 21, 2017
$4,054.94

Bitcoin In An Illusionary Age

Antonius Aquinas
"Now enter crypto currencies. Not only will they never become money – a general medium of exchange – as gold and silver once were and will become once again, but cryptos lack the necessary requirements to be money."
Antonius Aquinas, Author
August 20, 2017
$4,111.22

Bitcoin Is Still Just A Speculative Asset

Twitter
"Despite being valued at more than $4,500, #Bitcoin is still just a speculative asset."
Steve Hanke, Economist and Professor, Johns Hopkins University
August 17, 2017
$4,316.34

Bitcoin Bear Peter Schiff Doubles Down: Even At $4,000 It's Still A Bubble

Coindesk
"There’s certainly a lot of bullishness about bitcoin and cryptocurrency, and that’s the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it’s going to work. And the higher the price goes, the more convinced you become that you’re right. But it’s not going up because it’s going to work. It’s going up because of speculation…."
Peter Schiff, Stock Broker / Economist
August 15, 2017
$4,204.43

A Bitcoin Is Worth $4,000; Why You Probably Should Not Own One

Forbes
"This is why almost none of us should own Bitcoins. Bitcoin value has multiple weaknesses. Someone could hack the blockchain, create more Bitcoins and manipulate the value or sell the illegitimate Bitcoins and abscond with the buyers’ dollars. Or groups of users can place large buys and sells of Bitcoins, manipulating their value, because there are no controls. Or Bitcoin users could simply start using other crypto-currencies or traditional government-issued currencies and the market could fold completely, making Bitcoins worthless, as has happened to other crypto-currencies. Any one, or all, of these things could happen at any moment."
Adam Hartung, Columnist, Forbes
August 14, 2017
$4,382.74

Gartman: Avoid The Bitcoin Boom

CNBC
"How can you buy a house, how can buy a car, how can you buy Starbucks with bitcoin when price is going to fluctuate as dramatically as it has. This looks to me like… very much.. you can take the chart of bitcoin and apply it against the tulip bulb mania of the 15th century and the patterns look exactly the same."
Dennis Gartman, Investor
August 13, 2017
$4,111.2

Bitcoin Just Surged Over $4000 And Is Near Biggest Financial Crash In 400 Years

The Street
"Friends don’t let friends hold bitcoin below $2,900, the line in the sand of sell-stop protection. Otherwise, in the near future, one could be wishing they’d sold this $3,500 zone, as bitcoin breaks under $35, with growing potential for $3.50."
Ken Goldberg, Trader
August 10, 2017
$3,445.28

All This Bitcoin Stuff Is Fake

Splinter
"All these imaginary “digital currencies” are just made up fake things…. Laugh your haughty laugh all you want. Enjoy calling me ignorant. I have a burrito and all you have is “code.” Yeah—code for “idiot.”"
Hamilton Nolan, Reporter
August 9, 2017
$3,377.54

BTC Is Dead

Bitcoin and The Blockchain
"For now, the development of this bubble is in the hands of a speculating public, who periodically see manias as a failsafe way to make money. But the answer to the question posed in this article’s headline is that cryptocurrencies are not money and never will be."
Alasdair Macleod, Stockbroker
2017
Jul
July 28, 2017
$2,805.18

Cryptocurrencies Will Be The Architects Of Their Own Demise

Rusi
"Perhaps contrary to the traditional view, therefore, it is unlikely that, as currently conceived, cryptocurrencies will attain the status that the hype would have you believe. They will certainly be revolutionary, but most likely in a manner that will trigger their own demise, or at least relegate their use to those who want to operate outside the legal financial system."
Tom Keatinge, Financial Crime Researcher
July 27, 2017
$2,697.47

Billionaire Investor Howard Marks Says Cryptocurrencies 'Aren't Real'

Business Insider
"Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.”"
Howard Marks, Investor
July 25, 2017
$2,591.22

Howard Marks Sounds the Alarm on Tech, Cryptocurrencies and Private Equity

Bloomberg
"Digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or none beyond what people will pay for it...nobody has been able to make sense to me of these currencies."
Howard Marks, Investor
July 24, 2017
$2,779.04

The Biggest Financial Bloggers Reveal Their Positions On Bitcoin And Cryptocurrencies

Market Watch
"“People are comparing bitcoin to tulip bulbs. I think those comparisons are apt,” he said. “But at least with tulips, you had something tangible — a plant.”"
Jared Dillian, Author
July 12, 2017
$2,423.16

Bitcoin Acceptance Is Virtually Zero And Shrinking

Yahoo Finance
"A research note out Wednesday by a group of analysts at Morgan Stanley led by James E Faucette said “bitcoin acceptance is virtually zero and shrinking,” despite its impressive appreciation."
James Faucette, Analyst, Morgan Stanley
July 6, 2017
$2,619.11

Why Investors Should Ignore The Cryptocurrency Hype

Investopedia
"I’ve seen enough cryptocurrency stories over the last few weeks to last me a lifetime, especially about Bitcoin. Bitcoin is not a store of value, and it’s not a reasonable investment candidate. You’ve been warned!"
Landon D. Whaley, Researcher
2017
Jun
June 20, 2017
$2,778.83

Bitcoin And Ethereum 'Both Soon Obsolete'

James Rickards
"We now have enough information on cryptocurrencies to conclude that Bitcoin = Betamax, and Ethereum = VHS. One wins, but both soon obsolete."
James Rickards, Economist, Investment banker
June 15, 2017
$2,456.92

Stay Away From Bitcoin — It’s Complete Garbage

MarketWatch
"Cryptocurrencies, or cyber currencies, which have been in a massive financial mania until their sudden sell-off this week, have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But that’s it…. Online currencies are hardly a “store of value” when they have fallen about 30% in a week."
Brett Arends, Financial Journalist
June 13, 2017
$2,738.93

Raoul Pal: Bitcoin Is A Mania

Business Insider
"This revolutionary digital infrastructure will soon be able to process billions more transactions than Bitcoin ever has. It may well be a Bitcoin killer or at best, provide the framework for how blockchain technology could be applied in the real world."
Raoul Pal, Economist
June 6, 2017
$2,914.08

Mark Cuban Calls Bitcoin A Bubble, Price Falls

CNBC
"I think it’s in a bubble. I just don’t know when or how much it corrects. When everyone is bragging about how easy they are making $=bubble"
Mark Cuban, Businessman
2017
May
May 30, 2017
$2,197.23

What Is A Good Price For Bitcoin And Other Cryptocurrencies? Zero.

Jonathan Harris
"Cryptocurrencies do not belong in any investment portfolio. I say this as a Chartered Financial Analyst with 20 years experience who understands the underlying math and the economic issues involved. Fundamentally, Bitcoin has no value… Bitcoin acceptance by consumers is unlikely."
Jonathan Harris, Financial Analyst
May 24, 2017
$2,476.3

Bitcoin: Ponzi Gone Global

Macro Business
"Play it, own it, do what you like with it, but always remember that it is nothing more that an intrinsically worthless global pyramid scheme that could collapse at any moment."
David Llewellyn-Smith, Economist
May 19, 2017
$1,968.1

Bitcoins: Are You Kidding Me?

SeekingAlpha
"Some people will buy it as an “investment.” In my opinion, Monopoly money is safer."
John Lohr, Investment Manager
May 5, 2017
$1,512.21

The Death Of Bitcoin

Daily Reckoning
"Similar to the disruptive technologies I listed above, Bitcoin will undergo the standard lifecycle of development… and I believe that will include swift, sweeping government regulation. Similar to gun control, car insurance, cyber regulation and more… However, unlike most of those other technologies, I don’t think Bitcoin will survive this deathblow of regulation."
Matt Insley, Author
May 4, 2017
$1,515.63

The Beginning Of The End For Bitcoin

Daily Reckoning
"Bitcoin itself, it’s doomed. The end is near. Soon as Congress has a reason, they figure out how to shut it down. You mark my words. Too many banks have too much to lose. And if we know one thing, it’s that big banks and Congress are part of the same beast…."
Ray Blanco, Tech Writer
2017
Jan
January 26, 2017
$915.1

Bitcoin Is A Bubble We’ve Seen Before

Tom McClellan
"So if you are “holding” any Bitcoins (not that anyone can actually hold something so ethereal), your moment to exit and flee is rapidly approaching."
Tom McClellan, Financial Analyst
January 6, 2017
$895.67

Bitcoin Will Never Be A Currency—It’s Something Way Weirder

Wired
"But don’t let that big number fool you: this strange and controversial technology is no closer to becoming a mainstream currency. …Bitcoin is not something the average person will ever use to buy and sell stuff, they say, particularly in the US and other Western countries. The world just doesn’t need a dedicated digital currency."
Cade Metz, Technology Correspondent, The New York Times
January 3, 2017
$1,030.82

Bitcoin Passes $1,000 But Only Number That Matters Is Zero

Financial Times
"As a phenomenon bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts. So the ultimate value for bitcoin will be the same as all pyramid schemes: zero."
???, ???
2016
Nov
November 21, 2016
$736.72

Bitcoin Was Supposed To Change The World. What Happened?

Vox
"“I think Bitcoin has stalled out,” said Nathaniel Popper, a reporter for the New York Times who wrote a book about Bitcoin in 2014. What went wrong? The Bitcoin community has been hampered by a dysfunctional culture that has grown increasingly hostile toward experimentation. That has made it difficult for the Bitcoin network to keep up with changing market demands."
Nathaniel Popper, Reporter, The New York Times
November 17, 2016
$735.41

Circle CEO: Nobody Will Be Using Bitcoin In 5 To 10 Years

Coin Journal
"“Our view is that we’re still in the really early stages of the technology and its development. It’s highly unlikely that any of us will be using Bitcoin in five or ten years. In the same way that – how many of us use NCSA Mosaic or Netscape Navigator?”"
Jeremy Allaire, CEO, Circle
November 3, 2016
$687.51

Bitcoin's At It Again

Bloomberg
"Bitcoin is quickly becoming a thing of the past."
Christopher Langner, Investment Strategist
2016
Aug
August 30, 2016
$576

How Bitcoin Was Brought Down By Its Own Potential—And The Banks

Quartz
"Split by internal divisions while its most useful aspects are harvested by the very financial behemoths it once hoped to destroy, Bitcoin is fast becoming the tech world’s version of Waiting for Godot, wherein a hermetically sealed community squabbles and bickers over arcane points of code and law as their world slowly crumbles around them….Welcome to today’s Bitcoin—a phenomenon so internally focused that its advocates have barely noticed the battle has already been lost."
Luke Ryan, Tech Writer
August 25, 2016
$575.73

The Bitcoin Bros Have Lost

Deal Breaker
"The cryptoanarchists’ revolution is over. Condolences. The victorious cryptocapitalists’ advice is: Do what your parents did! Get a job, sir, at UBS, Deutshe Bank, Santander or BNY Mellon. Even JPMorgan Chase."
Jon Shazar, Editor, Deal Breaker
2016
Jul
July 21, 2016
$665.1

Why Ethereum Succeeded Where Bitcoin Failed

Vice.com
"The deadlock between competing corners of the Bitcoin community when it comes to hard forking, in contrast, spells doom for the currency, according to Tual. “As long as that’s true, Bitcoin will never evolve, and it will die, because what doesn’t evolve dies.”"
Stephan Tual, Developer, DAO
July 7, 2016
$639.76

Bitcoin’s Rallying Again—But Isn’t Getting Much Attention Anymore

WSJ
"But the rest of the world appears to have lost interest. That’s not great for the long-term use of bitcoin and the fans who want to see it become a widely-used medium of exchange. With the currency currently dependent on notoriously-fickle Chinese retail investors, they would surely swap a gain in global popularity over a short-term rally in value."
Jon Sindreu, Writer, Wall Street Journal
2016
Mar
March 26, 2016
$416.73

1,000 Bitcoin Wallets Won't Replace One Financial Revolution

Coindesk
"At this point in the bitcoin lifecycle, the fear, uncertainty and doubt (FUD) and naysaying we’ve been hearing is mostly true. The network is abysmally slow. The use cases are half-baked and consumers will receive no implicit benefit from bitcoin over, say, swiping their Visa card. The bitcoin 1.0 experiment is, in short, over."
John Biggs, CEO, Freemit
March 8, 2016
$411.76

Performing An Autopsy On The Bitcoin

The Street
"The best analogy, although not perfect, for the demise of bitcoin vs. Ethereum and the other unlimited blockchain technologies being developed for commercial application is that of the experience of digital audio tapes (DATs) vs. the compact disk technology of the mid-1980s."
Roger Arnold, Professor
March 7, 2016
$412.98

Death Sentence For The World’s Most Popular Cryptocurrency

CoinTelegraph
"Bitcoin will soon be dead, claims David Yermack, chairman of the Finance Department at NYU’s Stern School of Business. He blames the democratic process of decision-making in the Bitcoin community for the cryptocurrency’s problems."
David Yermack, Chairman of Finance department, NYU Stern
March 6, 2016
$404.55

Dumb Investment Of The Week: Bitcoin Investment Trust

Seeking Alpha
"Bitcoins are a digital Ponzi scheme, not a digital cryptocurrency. Investors would be wise to steer clear of bitcoins and any other digital currencies."
Ben Strubel, Wealth Manager
March 4, 2016
$407.98

The Crisis In Bitcoin And The Rise Of Blockchain

Fortune
"Still, based on recent developments, a bitcoin resurgence looks like a long shot. When the final history of bitcoin is written, the currency itself is likely to be just a colorful footnote in the tale of the emergence of a powerful new blockchain technology."
Jeff John Roberts, Staff Writer, Fortune
March 2, 2016
$421.6

The Dream Of Buying A Coffee With Bitcoin Is Dying, If It’s Not Already Dead

Vice
"There was a time when believers in bitcoin, the virtual currency backed by math instead of any government, thought that it might one day replace cash as a relatively anonymous way to pay for everything from groceries to your morning coffee. Now, that dream might be smack dab in the midst of crashing down, a function of the currency’s code playing out. At stake is nothing less than two competing visions for the future of bitcoin itself."
Peter Todd, Bitcoin Developer
2016
Feb
February 21, 2016
$438.99

Bitcoin Is Dead, Long Live The Blockchain

The Street
"Do not confuse Ethereum with Bitcoin. Bitcoin was never a viable blockchain platform for commerce. Ethereum is. I’ll not address here why Bitcoin is not viable…"
Roger Arnold, Professor
February 20, 2016
$436.52

The Decline Of Bitcoin Shows You Can't Engineer Past Government

The Week
"…the Bitcoin failure does illustrate that human institutions must have politics in addition to technical expertise. Try to engineer around politics, and it will flood back in the most atavistic and unscrupulous forms."
Ryan Cooper, National Correspondent, The Week
February 19, 2016
$420.33

R.I.P. Bitcoin. It’s Time To Move On.

The Washington Post
"Let’s also bear in mind what it is that makes some venture capitalists Bitcoin zealots: pure greed. That is the reason clearest to me for Bitcoin’s failure. Intended as a level playing field and a more efficient transaction system, the Bitcoin system has deteriorated into a fight between interested parties over a pool of money. In the beginning, Bitcoin was a noble experiment. Now, it is a distraction. It’s time to build more rational, transparent, robust, accountable systems of governance to pave the way to a more prosperous future for everyone."
Vivek Wadhwa, Professor, Carnegie Mellon
February 14, 2016
$406.74

The Resolution Of The Bitcoin Experiment

Mike Hearn
"The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards. I will no longer be taking part in Bitcoin development and have sold all my coins."
Mike Hearn, Engineer
February 9, 2016
$373.32

Nick Weaver On Why You Should Sell Your Bitcoin

The Lawfare Podcast
"Nick walks Ben through what exactly Bitcoin is, answering whether the platform is really a financial opportunity of historic proportions, the massive criminal problem law enforcement officials have suggested, or something else entirely: a waste of everyone’s time and money. He also outlines some of the design flaws he sees in Bitcoin and why those flaws, which many in the Bitcoin community view as important features, will actually lead to the platform’s eventual downfall."
Nicholas Weaver, Professor, UC Berkeley
2015
Nov
November 23, 2015
$323.26

Former Bitcoin Companies Are Erasing Their Embarrassing Bits

The Guardian
"So spare a thought for the companies scrabbling to jump off the bitcoin ship before it sinks. The currency’s value has been static for months (except for a brief boom and bust in early November when it was caught up in a Chinese ponzi scheme), but perhaps more damningly still, the hype has all but disappeared."
Hal 90210, Tech Writer, The Guardian
November 15, 2015
$319.93

More Dirt On The Bitcoin

Plata
"I stand by my opinion that the Bitcoin is, in fact if not in intention, a fraud; it is an attempt to muscle-in on the enormous scam of universal fiat money, which is a curse upon mankind. And as a scam, it will go to the dust-bin of History, along with the world’s present fiat money system."
???, ???
November 12, 2015
$336.86

UBS Chairman: Bitcoin Currency Will Fail, Has No Lender Of Last Resort

Finance Magnates
"Private currencies will fail to take off because there is no lender of last resort- there will always be boom and bust."
Axel Weber, Chairman, UBS
November 4, 2015
$408.74

Jamie Dimon: Bitcoin Will Not Survive

Coindesk
"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that’s going to put up with it for long … there will be no currency that gets around government controls."
Jamie Dimon, CEO, JP Morgan Chase
2015
Oct
October 14, 2015
$252.59

This Bitcoin Startup Is Changing Its Name And Moving Away From Bitcoin

Fortune
"“I’ll be surprised if bitcoin is here in five years,” he has told Fortune. “The value of bitcoin isn’t the currency, but the technology. I think once the world becomes more accustomed and attuned to the platform of bitcoin, the noise will go away, and the currency will go away too. The real transformation is the idea of taking all barriers down… Whatever currency or commodity you want to transact in, you can, and you can do it for free.”"
Anthony Watson, CEO, Bitreserve
October 7, 2015
$243.27

I Broke Bitcoin

Vice.com
"“The main thing is that bitcoin network spends much more resources (electricity, hardware, human efforts) per transaction than current centralized systems,” Maclin wrote. “Bitcoin exists now, because of bubble-ponzi scheme.”"
Alister Maclin, Programmer
October 5, 2015
$240.59

Bitcoins Are A Waste Of Energy, Literally

The Drum
"Fortunately, it’s unlikely that Bitcoin will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system. The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency."
John Quiggin, Professor, University of Queensland
October 2, 2015
$237.4

Why Bitcoin Isn't The Wave Of The Future After All

DailyCampus
"After analyzing the facts, it becomes apparent that Bitcoin is not destined to grow and mature beyond what it is today. Without a major overhaul of Bitcoin’s system and values, it is naïve to think that there will be widespread adoption. There are too many inherent problems and general complexities with the currency for it to gain mainstream traction."
???, ???
2015
Jun
June 29, 2015
$256.49

Bitcoin Is Unsustainable

Motherboard
"In light of the above analysis, Bitcoin’s power usage per transaction isn’t remotely sustainable as a wholesale replacement for the conventional financial system. In the future, Bitcoin could massively gain popularity, pile on millions more transactions, and still be unsustainable due to the arms race between miners."
Christopher Malmo, Tech Writer, Motherboard
June 8, 2015
$228.65

Bitcoin Isn’t The Future Of Money — It’s Either A Ponzi Scheme Or A Pyramid Scheme

The Washington Post
"It’s not clear what Bitcoin is or what it will be, but it is clear what it’s not. It’s not a currency. People don’t set prices in Bitcoin and, for the most part, don’t buy things with it either…. In the meantime, though, Bitcoin is still a little bit of a Ponzi—or is it a pyramid?—scheme that its libertarian early adopters are trying to cash in on."
Matt O'Brien, Economics Reporter, The Washington Post
2015
Apr
April 23, 2015
$235.56

Why Bitcoin’s Male Domination Will Be Its Downfall

Fusion
"Bitcoin, at its core, is an attempt to solve big socioeconomic problems through technology. But so long as it remains an overwhelmingly male domain, it’s going to continue to concentrate on the economic problems, while missing the big social problems. Which means that it’s going to continue going nowhere."
Nathaniel Popper, Reporter, The New York Times
April 15, 2015
$223.57

Bitreserve's New COO: Bitcoin Will Go Away In 5 Years

Coinfox
"“I’ll be surprised if bitcoin is here in five years,” he said. “It’s a means to an end. The value of bitcoin isn’t the currency, but the technology. I think once the world becomes more accustomed and attuned to the platform of bitcoin, the noise will go away, and the currency will go away too. The real transformation is the idea of taking all barriers down and having it be ubiquitous. Whatever currency or commodity you want to transact in, you can, and you can do it for free. That’s pretty revolutionary.”"
Anthony Watson, CEO, Bitreserve
2015
Mar
March 25, 2015
$246.13

Bitcoin Is Going To Disappear

IEX.nl
"The price of Bitcoin lost most of its value since its parabolic rise and speculators have lost a lot of money. The next electronic payment technology will be very large. We eagerly await the next version of electronic money to appear."
Karel Mercx, Investor
March 9, 2015
$288.52

Predictions For 2015

Financial Times
"Nevertheless, the chances of bitcoin, the most popular of this new breed of self-clearing financial instruments, making it as a mainstream currency are now zero. Prices have been floundering at around $350 a coin for months, escalating losses for those who invested at last year’s $1,200 highs. Add to this a stream of high-profile scandals over the past year, such as the collapse of Tokyo-based currency exchange Mt Gox in February, and you realise it is not a question of if but when the public loses interest in this experiment entirely."
James Kynge, Financial Journalist
2015
Feb
February 22, 2015
$235.53

Five Reasons Bitcoin Revolution Is Over

Sputnik News
"Bitcoin will fail, not for fans lack of trying, but rather its status will never be more than an interesting concept championed by those in the techie or libertarian camp. Holding Bitcoin is more of a political expression rather than a sound economic investment. . . . Ultimately, Bitcoin will be relegated to the history books unless structural changes are made. It will never be fully adopted in its current form, being nothing more than a neat concept for people to lose money on."
Andre Alessandro, Author
February 10, 2015
$220.08

Bitcoin Is Dying And Will Be Remembered Like Pogs

International Business Times
"“It’s not a currency now, it’s a pretend currency,” Robinson said. “It does not qualify or satisfy the requirements for a modern currency. The problem with disruptive technologies is that the disrupted has something to say about it. I say 10 years from now we will all have digital currencies – fiat currencies – and bitcoin will be remembered probably much like Pogs and Sinclair’s C5.”"
Jeffrey Robinson, Author
February 5, 2015
$216.77

The End Of Bitcoin

Robert Nielsen
"One of the signs that Bitcoin is dying is that hardly anyone actually uses the currency. . . . The Bitcoin network is fading away and the price is destined to continue its downward march. This is likely to be the last year people take Bitcoin seriously (if last year wasn’t already). Whether Bitcoin disappears with a bang or a whimper, the end is coming."
Robert Nielsen, Blogger
2015
Jan
January 29, 2015
$232.4

Why Apple Pay And Dollars Are Killing Bitcoin

Forbes
"At this point, it’s merely a speculative commodity, just like tulip bulbs centuries ago or even Beanie Babies more recently. . . . Bitcoin has peaked and is very unlikely to escalate significantly in value again. . . . It’s basically an elaborate Ponzi scheme. . . . While I don’t relish anyone losing money, Bitcoin basically went out of the way to make itself vulnerable. For this reason, it is destined to fail."
Ross Gerber, CEO, Gerber Kawasaki
January 21, 2015
$225.98

Bitcoin To Die

Arduino Tronic
"The Bitcoin is dead. Or is it? Well, not yet. But it will be very, very soon."
Arduino Tronic, YouTuber
January 17, 2015
$199.63

Is This The End For Bitcoin?

Mybroadband
"Even if the price of Bitcoin doesn’t go to zero, the chances the Bitcoin community convincing the wider public, governments, and industry that Bitcoin really represents the future of the world’s digital economy will become extremely unlikely. . . . this grand technological experiment may have run its course."
???, ???
January 15, 2015
$210.46

Bitcoin Is Getting Annihilated

Business Insider
"The virtual currency is looking increasingly beleaguered, and its price had been dropping steadily in recent months. . . . It is a reminder of the security issues that face any virtual currency seeking mainstream adoption, and it brings back memories of the infamous exchange Mt. Gox. . . . Combined with bitcoin’s reputation as an enabler for criminal activity, it is likely this public-image problem is hindering mainstream adoption. As one commenter on the discussion board Hacker News remarks, bitcoin is an “even worse” investment than gold."
Rob Price, Correspondent, Business Insider
January 14, 2015
$177.28

Bitcoin Revealed: A Ponzi Scheme For Redistributing Wealth From One Libertarian To Another

The Washington Post
"If Bitcoin were a currency, it’d be the worst-performing one in the world, worse even than the Russian ruble. But Bitcoin isn’t a currency. It’s a Ponzi scheme for redistributing wealth from one libertarian to another. . . . But in the long run, we’re all dead, and Bitcoin might be too."
Matt O'Brien, Economics Reporter, The Washington Post
January 13, 2015
$226.98

Is This The End Of Bitcoin?

BizNews.com
"Even if the price of Bitcoin doesn’t go to zero, the chances the Bitcoin community convincing the wider public, governments, and industry that Bitcoin really represents the future of the world’s digital economy will become extremely unlikely."
David Glance, Professor
January 12, 2015
$267.09

Why Bitcoin Is A Ponzi Scheme

The Kernel
"Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. . . . The coins will never be the money of the future. . . . Bitcoins are too volatile in price ever to serve as a currency. . . . bitcoins are not money; dollars are money."
???, ???
January 7, 2015
$294.88

Bitcoin’s Upcoming Capital Crisis

Financial Times
"We’ll sign off with the simple point that unless a massive amount of new capital is transferred into Bitcoin market sharpish — which is not impossible, since there are still a number of deep pocketed believers out there — it’s hard to imagine the asset class going any other way but south. Furthermore, it’s unlikely at this stage that either price rigging, mining cartels or lower energy costs will be able to reverse that trend."
???, ???
January 2, 2015
$314.59

Was 2014 The Death March For Bitcoin?

PYMNTS.com
"And that Bitcoin could only survive at the margins, where it would be isolated, and in no position to threaten Visa or Mastercard, or the underlying payment and messaging services that underpin the world financial system as it stands today. Then there’s The Oracle of Omaha who has one four letter word for bitcoin – joke."
???, ???
2014
Dec
December 26, 2014
$327.16

Bitcoin’s Defects Will Hasten Its Demise In 2015

Reuters
"Bitcoin’s defects will hasten its demise in 2015 . . . Bitcoin’s flaws are becoming more evident, which may explain why prices more than halved in 2014. That trend should continue."
Martin Hutchinson, Breakingviews Columnist, Reuters
December 22, 2014
$330.67

Can Bitcoin Survive 2015?

AOL
"A writer for The Washington Post argues bitcoin’s system is doomed to fail because governments have a lot of say when it comes to any financial system and can put pressure on those intuitions as it sees fit."
???, ???
December 18, 2014
$310.75

“The Great Paradox Of Bitcoin: If It Ever Succeeds, It’s Doomed”

Mother Jones
"But Bitcoin is doomed as a payments network. . . . But if I had to put money on it? I’d say Bitcoin is doomed in the medium-term future."
Kevin Drum, Political Blogger, Mother Jones
December 17, 2014
$319.17

Bitcoin Is (Nearly) All Dead

Acton
"Right now, Bitcoin is only mostly dead. As an investment, it was the worst of 2014. . . . The problem, though, is that Bitcoin will likely not survive to get to that level of innovation. Will Bitcoin enthusiasts support it after they realize it has ceased to be useful as a currency and is a terrible investment? Not likely. At some point they are going to realize that they are subsidizing Bitcoin for theoretical and emotional reasons so that it can be exploited by regulation-seeking venture capitalists. When that happens Bitcoin will shift from being mostly dead to being all dead."
Joe Carter, Senior Editor, Acton Institute
December 16, 2014
$326.08

Bitcoin’s Financial Network Is Doomed

The Washington Post
"But Bitcoin is doomed as a payments network — the very point at which it looks as though it is likely to be widely deployed is the point at which governments, like that of the United States, will crack down on it."
Henry Farrell, Professor, Johns Hopkins
December 15, 2014
$345.1

Bitcoin Bears Say Told You So

Bloomberg
"Bitcoin’s collapse comes as governments around the world consider regulating or prohibiting the virtual currency to prevent criminals from using it to trade contraband. . . . Ripple has gained 36 percent this year; eventually it could displace bitcoin."
Nathalie Reinelt, Analyst, Aite Group
2014
Nov
November 17, 2014
$385.86

Bitcoin Will Bite The Dust

Alt-M
"Now I dare say our message is a disappointment to Bitcoiners. I share that disappointment: it would have been great if Bitcoin could displace government money. However, Bitcoin is an experiment, most experiments fail – and Bitcoin is another failed experiment."
Kevin Dowd, Economist
November 5, 2014
$337.14

Bitcoin Is Bust: Why Investors Should Abandon The Doomed Cryptocurrency

City A.M.
"And so the whole bitcoin system eventually becomes a house of cards, and anything – a scandal, a government attack, whatever – could trigger a loss of confidence leading to a run that brings it all down. . . . 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, Economist
2014
Oct
October 29, 2014
$333.38

Where Did Bitcoin Go Wrong?

CNN
"Bitcoin is not [the future]. It is a step along the way and will eventually disintegrate. . . . As a currency [Bitcoin] is almost negligible against anything. It can’t stand toe-to-toe with the Cuban Peso. . . . With Bitcoin the pretend currency, what you see is not what you get."
Jeffrey Robinson, Finance Writer
October 11, 2014
$359.2

3 Reasons Bitcoin Is Doomed To Fail

Fool.com
"While the technology behind the cryptocurrency may represent a safer method of buying and selling over the Internet, the asset will never take hold as a currency due to its limited supply and speculator manipulation. The technology used to encrypt Bitcoin would be better applied to the current monetary system, rather than through the invention of an entirely new currency. Bitcoin is simply economic Esperanto. It's a solution without a problem. The currency in use works fine."
Jeremy Bowman, Writer, The Motley Fool
October 4, 2014
$325.49

We Need To Consider The Distinct Possibility That Bitcoin Is Dying

David Seaman
"We need to consider the distinct possibility that Bitcoin is dying"
David Seaman, Writer, Conspiracy Theorist
2014
Mar
March 23, 2014
$561.35

Bitcoin Is Dead — Long Live Bitcoin

VICE News
"This combination of encryption, mining, and decentralized verification makes Bitcoin potentially powerful and difficult to control, but governments do have tools at their disposal that could make it all but impossible for Bitcoin to become widely adopted. . . . And so Bitcoin may very well die."
Taylor Owen, Writer, Vice
March 11, 2014
$628.95

The Real Reason Bitcoin Is Doomed

Fortune
"Bitcoin is not a currency. . . . There’s nothing that Bitcoin allows anyone to do that they can’t already do in the regular banking system."
???, ???
March 7, 2014
$625.83

Sorry, Libertarians: Your Dream Of A Bitcoin Paradise Is Officially Dead And Gone

Salon
"Neither Satoshi Nakamoto nor Bitcoin ever stood any chance of operating outside the bounds of conventional society. There will be regulation, there will be consumer protection, there will be rules and taxes, and criminal prosecutions for those who break the law. Bitcoin isn’t cyberpunk fantasy and it isn’t a Thomas Pynchon novel. It’s dull. The thrill is gone. And that’s why people are so mad."
Andrew Leonard, Staff Writer, Salon
March 5, 2014
$661.79

Bitcoin Is (Nearly) Dead

Acton
"Opinions are still divided, but the evidence that Bitcoin is doomed to failure piles up almost every day. . . . Of course, we Bitcoin doomsayers have been waiting for the bubble to pop for some time now. We also tend to think that every new drop is a sign of it’s impending doom. . . . Anyone still willing to bet a Bitcoin on the future of Bitcoin?"
Joe Carter, Senior Editor, Acton Institute
March 4, 2014
$663.6

“The Doomsday Cult Of Bitcoin”

NY Mag
"With the future of money in the hands of Satoshi Nakamoto’s brilliant protocol, inexact central planning would be replaced by algorithmic decentralization. Of course, none of that has happened. And it’s exceedingly likely that none of it will."
Kevin Roose, Technology Columnist, The New York Times
2014
Feb
February 27, 2014
$576.7

The Exact Date For Bitcoin’s Final Crash To $0.00

Wall Street Daily
"Bottom line: Bitcoin’s days are numbered. Literally. Williams predicts that Bitcoin “will trade for under $10″ by June 30, 2014. A bold prediction, no doubt. But the point is clear – Bitcoin doesn’t stand a chance at ever gaining widespread adoption."
???, ???
February 26, 2014
$577.09

Bitcoin Is Dead

Street Insider
"Bitcoin’s market cap on paper by far exceeds that of the competition, but the ability to translate Bitcoin wealth to wealth in other forms is very limited. There are many Bitcoin holders heavily invested in Bitcoin’s success and it has a first mover advantage. However as a store of value, its only value is reputational, and recent developments have shaken that reputation."
Steven Englander, Head of Forex, Citi
February 25, 2014
$534.71

Mt. Gox Meltdown Spells Doom For Bitcoin

Bloomberg
"Bitcoin does not yet have enough users to continue its survival. . . . it will go the way of laser discs and eight-track tapes."
Megan McArdle, Economics Writer, Bloomberg
February 11, 2014
$669.44

Bitcoin Is Dead

The Weekly Standard
"All of which is why I’m convinced that while bitcoin (or something like it) is likely to hang around as a niche commodity for certain kinds of gray- and black-market transactions, Mt. Gox pretty much assures that the average consumer will never use it. Because there is no way for you to ever ensure that your bitcoins are completely safe. . . . The speculators may not realize it yet, but you can stick a fork in bitcoin. It’s done."
???, ???
2013
Dec
December 27, 2013
$746.72

Bitcoin Is Evil

The New York Times
"Bitcoin is evil… so far almost all of the Bitcoin discussion has been positive economics—can this actually work? And I have to say that I’m still deeply unconvinced."
Paul Krugman, Economist
December 17, 2013
$683.84

Bitcoin Will Crash To $10 By Mid-2014

Business Insider
"Bitcoin is not a legitimate currency but simply a risky virtual commodity bet. . . . Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living."
Mark T. Williams, Professor, Boston University
December 4, 2013
$1,147.25

Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value

Bloomberg
"It's a bubble. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it."
Alan Greenspan, Former Chairman, Federal Reserve
2013
Nov
November 27, 2013
$948.41

A Prediction: Bitcoin Is Doomed To Fail

The New York Times
"The developers of bitcoin are trying to show that money can be successfully privatized. They will fail, because money that is not issued by governments is always doomed to failure."
Edward Hadas, Economics Editor, Thomson Reuters
November 26, 2013
$899.2

Once You Use Bitcoin You Can’t Go ‘Back’ — And That’s Its Fatal Flaw

Wired
"And, in the greater scheme of things, bitcoin is small: even at a roughly 10 billion dollar market capitalization it is almost irrelevant in financial terms. This is probably roughly the peak market capitalization achieved by Beanie Babies in 1999. There are indeed important and valuable ideas that exist in bitcoin’s design. But bitcoin itself? I believe its volatility and built-in irreversibility will doom it to the ash-heap of history."
Nicholas Weaver, Professor, UC Berkeley
November 22, 2013
$747.48

How Bitcoin Is Going To Fail And Why It Is Not A Gold Equivalent

Fester’s Den
"The federal reserve comes out with their own version of the bitcoin, let’s call it the “USDcoin”, they make a .001 (or some other arbitrary number) USDc the equivalent of $1 and they make it very easy to use. You can have these deposited into your existing bank account and they are immediately converted to dollars and when you send dollars out of your account they are immediately converted to USDc. Then the government also implements anti-bitcoin laws that make using bitcoin difficult or impossible to use. Of course they will claim bitcoin was being used for illegal purposes and money laundering. This will be the end of bitcoin."
Fester's Den, ???
November 20, 2013
$572.67

Bitcoin Is Still Doomed

Bloomberg
"To the extent using Bitcoin has any benefits now — convenience, cost-efficiency, putative anonymity — it’s because authorities haven’t been taking it very seriously. As officialdom becomes more assertive, Bitcoin will become more difficult and expensive to use, and less anonymous."
Timothy Lavin, Economics Writer, Bloomberg
November 6, 2013
$253.69

Bitcoin Is A Joke

Business Insider
"But make no mistake, Bitcoin is not the currency of the future. It has no intrinsic value. . . . Bitcoin? Nada. There’s nothing keeping it being a thing. . . . Again, Bitcoin might go up a lot more before it ultimately ends. That’s the nature of bubbles. The dotcom bubble crashed a bunch of times on its way up. Then one day it ended. The same will happen with this."
Joe Weisenthal, Executive Editor of News, Bloomberg Digital
2013
Jun
June 26, 2013
$104

Why Bitcoin Will Fail

DailyPaul.com
"The problem, as I see it, is that bitcoin only value is it’s medium of exchange, without any real effort. It is ripe for fraud and manipulation, but what fiat monetary system isn’t. The automatic systems of growth to a finite number of units along with the division into smaller increments are intended to eliminate the problems of past monetary failures but cannot control human nature. As the medium of exchange and perceived value increases, hording will occur."
???, ???
June 20, 2013
$111.29

Bitcoin Sees The Grim Reaper

NY Mag
"Bitcoin’s path to the grave has always been fairly clear to me. . . . You can’t seize a Bitcoin like you can seize a dollar, since it’s simply an alphanumeric string. But people need to be able to get their money in and out of the Bitcoin economy in order for it to be a useful alternative. With Mt. Gox and other Bitcoin go-betweens having such a hard time staying afloat, it probably won’t be long before even some Bitcoin diehards consider packing it in."
Kevin Roose, Technology Columnist, The New York Times
2013
Apr
April 16, 2013
$68.36

Useless As A Store Of Value

Twitter
"So to recap: Bitcoin has swung from $265 to $60 in less than a week. Useless as a store of value, seriously broken as even a txn currency."
David Heinemeier Hansson, Creator of Ruby on Rails, Founder & CTO at Basecamp & HEY
April 13, 2013
$93

Paul Krugman: Bitcoins Would Have Been Considered Foolish By Adam Smith

Huffpost
"Now here we are in a world of high information technology — and people think it’s smart, nay cutting-edge, to create a sort of virtual currency whose creation requires wasting real resources in a way Adam Smith considered foolish and outmoded in 1776."
Paul Krugman, Economist
April 12, 2013
$117

The Bitcoin Bubble Has Burst

Whistling In The Wind
"Well it has finally happened. We looked at those charts of ever rising price of bitcoin and said this cannot last, and it hasn’t. The bitcoin bubble has finally peaked and now all that is left is to watch its steady and inexorable decline. So what now for bitcoin? It will crash and disappear like Pets.com, Leheman Brothers, and Anglo Irish Bank, existing only in the memories of economists."
Robert Nielsen, Blogger
April 11, 2013
$124.9

Fool's Gold

Slate
"Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse."
Eric Posner, Professor, University of Chicago Law School
April 5, 2013
$142.32

Why Bitcoin Is Doomed To Fail

Chron
"The very reasons why Bitcoin has taken off today will be major reasons why its value is likely to collapse tomorrow. . . . [dramatic price instability] will cause the ultimate failure of the Bitcoin experiment. . . . Bitcoin will fail because a small number of hoarders control most of the supply."
Alex Planes, Writer, The Motley Fool
2011
Jun
June 20, 2011
$17.51

So, That's The End Of Bitcoin Then

Forbes
"Bitcoins aren’t secure, as both the recent theft and this password problem show. They’re not liquid, nor a store of value, as the price collapse shows and if they’re none of those things then they’ll not be a great medium of exchange either as who would want to accept them? . . . It’s difficult to see what the currency has going for it."
Tim Worstall, Economics Writer
June 7, 2011
$23.92

Why Bitcoin Will Fail As A Currency

Tav's Blog
"Because, by design, there will never be more than 21 million Bitcoins in existence. And thanks to hoarding and attrition, we can be sure that it will eventually serve as nothing more than as a collector’s item. . . . I would like to call upon the Bitcoin community to stop referring to it as a digital currency. This is misleading and harmful."
Tav Siva, Distributed Systems Engineer