100 Of The Best Quotes On Bitcoin And Blockchain

Written by Anita Sanikop

 

1. “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.”

–Satoshi Nakamoto, Founder of Bitcoin

2. “I will eat my d–k’ if I lose $500K Bitcoin bet”

–John McAfee, the colorful founder of his namesake antivirus software company McAfee Associates

3. “Bitcoin is a technological tour de force.”

–Bill Gates, Co-founder of Microsoft

4. “This has already started happening but will really start to ramp up in 2018.

–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report

5.”Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.” [Source: https://news.bitcoin.com/richard-branson-blockchain-revolution/]  “Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.”

–Richard Branson, Founder of Virgin Galactic, and 400+ businesses

6.”When bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the bitcoin universe an algorithm replaces the function of the government …[that] is actually pretty cool.”

–Al Gore, Former Vice President of the United States

7.”[Bitcoin] is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.”

–Nassim Taleb, Statistician, former trader and risk analyst

8.”Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence.”

–Peter Thiel, Co-Founder of PayPal

9. “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.”

–Peter Diamandis, Founder and Chairman of the X Prize Foundation

10. “In fact, Bitcoin is a four-sided network effect. There are four constituencies that participate in expanding the value of Bitcoin as a consequence of their own self-interested participation. Those constituencies are (1) consumers who pay with Bitcoin, (2) merchants who accept Bitcoin, (3) “miners” who run the computers that process and validate all the transactions and enable the distributed trust network to exist, and (4) developers and entrepreneurs who are building new products and services with and on top of Bitcoin.”

–Marc Andreessen, an American entrepreneur, investor, and software engineer. He is the co-author of Mosaic, the first widely used Web browser; co-founder of Netscape; and co-founder and general partner of Silicon Valley venture capital firm Andreessen Horowitz

11. “It is not a speculative investment even though it is being used as such by other people. As Bitcoin network grows the value of Bitcoin grows. As people move into Bitcoin for payments and receipts they stop using US Dollars, Euros and Chinese Yuan which in the long-term devalues these currencies.”

–Eric Schmidt, Executive Chairman of Google

12.”Ten percent of my net worth is in this space,”

–Mike Novogratz, hedge fund manager, Galaxy Digital Assets

13. “A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.”

–Satoshi Nakamoto, Founder of Bitcoin

14. “I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”

–Milton Friedman, Economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

15.“The big difference between the tech and real estate bubbles and the crypto bubble is that pizza boys and uber drivers  are in the frenzy early before big corporate institutions. The big institutions are not in the space yet and I believe we are only in the 1st inning.  Investors shouldn’t lazily compare bubbles that have material differences”

–Jamarlin Martin, Founder and CEO of Nubai Ventures, investor and digital media entrepreneur

16. “Bitcoin is the currency of resistance… If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened”  You can also check Cryptocurrency quotes from Hackers Congress, the conference in Prague about financial and economic freedom.”

— Max Keiser, American broadcaster and filmmaker, hosts Keiser Report, a financial program broadcast featuring heterodox economics theories

17. “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” [Source: Bloomberg]”

— John McAfee, the colorful founder of his namesake antivirus software company McAfee Associates

18. “When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant.”

— Jeff Garzik, Co-Founder of Bloq Inc, a contributor to Bitcoin Core, Bitcoin developer

19. “At least one country’s currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens.”

–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report

20. “It’s a fraud” and “worse than tulip bulbs..”

–Jamie Dimon, Chairman and CEO of JPMorgan Chase

21. “Maybe I’m just too old, but I’m going to let this mania go on without me.”

–Jeffrey Gundlach, DoubleLine Capital CEO and Chief Investment Officer

22. “Like it or not, people want exposure to bitcoin,” Tilly said. Believers can bet on its rise, and Dimon is welcome to take the other side, he said. “We’re happy to be the ones in the middle.”

–Ed Tilly, CBOE’s chairman and CEO

23. “PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.”

–Peter Thiel, Co-Founder of PayPal

24.Bitcoin is “certainly something more than just a fad,” Gorman said Wednesday at an event held by the Wall Street Journal. “The concept of anonymous currency is a very interesting concept — interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that. “I haven’t invested in it,” Gorman said. “I’ve talked to a lot of people who have. It’s obviously highly speculative but it’s not something that’s inherently bad. It’s a natural consequence of the whole blockchain technology.”

–Morgan Stanley, Chief Executive Officer James Gorman

25. “Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.”

— Amir Taaki, a London-based software developer and “hacker”

26. “So it seems to me it ought to be outlawed. It doesn’t serve any socially useful function. “It’s a bubble that’s going to give a lot of people a lot of exciting times as it rides up and then goes down,” Stiglitz added. We should all just go back to what we always had and this is just a bubble”

–Joseph Stiglitz, Nobel Prize-winning economist

27. “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”

— Marc Kenigsberg, founder of Bitcoin Chaser

28. “At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions1… all good things”

–Peter Diamandis, Founder and Chairman of the X Prize Foundation

29. “Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, currency will be better for it.”

–Edmund Moy, 38th Director of the United States Mint, May 23, 2014

30. “There’s $200 billion in cryptocurrencies out there and over $200 trillion in demand for money — that’s the amount of paper currency andgold bullion in the world,”

–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report

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