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
31. “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.S. dollars,” he said. “So there may be a market for that, but it’d be a limited market.”
-Jamie Dimon, chairman and CEO of JPMorgan Chase
32. “We are not hearing any demand from our clients,” he said. “We are not hearing clients saying ‘we want to use this as an asset class.’ No.”
–Larry Fink, CEO and Blackrock
33. “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
34. (porn) Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have, either don’t want the spouse to see it on the bill or don’t trust giving their number to “porn guys”, or afraid of recurring billing.
–Satoshi Nakamoto, Founder of Bitcoin
35. “I sold at $5,000 or $4,980,” he said. “Then three weeks later I’m trying to buy it in the low $3,000s. If you’re good at that and you’re a trading junkie, it’s a lot of fun.”
–Mike Novogratz, hedge fund manager, Galaxy Digital Assets
36. “The bitcoin world is this new ecosystem where it doesn’t cost that much to start a new bitcoin company, it doesn’t cost much to start owning bitcoin either, and it is a much more efficient way of moving money around the world.”
–Tim Draper, managing partner of Draper Fisher Jurvetson
37. “I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming “the currency of the Internet.” I’m most concerned by possible government reactions to Bitcoin. They can’t destroy Bitcoin, but they could really slow things down by making exchange much more difficult.”
–Michael Marquardt, known by the username Theymos, is an administrator on Bitcoin Talk as well as a moderator on Reddit
38. “Cryptocurrency is such a powerful concept that it can almost overturn governments”
–Charles Lee, Creator of Litecoin, ex-Director of Engineering at Coinbase
39. With Bitcoin, there are a lot more methods with microlending, where you can have communities using cryptocurrencies to help themselves without any intermediaries.”
–Shawn Wilkinson, the founder of Storj, a cloud-storage service
40. “Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.”
–Erik Voorhees, CEO & Founder of ShapeShift, and previously founded Satoshi Dice and Coinapult
41. “Will people be buying yachts with their Dogecoin riches some day? Probably not. But are we having a lot of fun, helping great causes and spreading the digital currency word in the process? Yes we are. And perhaps if we pool our Dogecoin together we can build a Dogeyacht and sail the world, just saying…!”
–Jackson Palmer, Dogecoin founder
42. “Bitcoin will do to banks what email did to the postal industry”
–Rick Falkvinge, Founder of the Swedish pirate party
43. “Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”
–Jim Rickards, American Lawyer, Economist and Investment Banker
44. “Bitcoin is the most important invention in the history of the world since the Internet.
–Roger Ver, Bitcoin angel investor and evangelist
45. “Ten percent of my net worth is in this space,”
–Mike Novogratz, hedge fund manager, Galaxy Digital Assets
46. “Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.”
–Leon Luow, Nobel Peace prize nominee
47. “The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.”
–Arnon Grunberg, Writer
48. “The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then you’re associating that address and any transactions with it with the name you posted under. If you posted under a handle that you haven’t associated with your real identity, then you’re still pseudonymous.”
–Satoshi Nakamoto, Founder of Bitcoin
49. “The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer. It’s going to be alternative currencies like bitcoin and it’s not actually going to be a banking system as we had before 2008.”
–Patrick Young, Financial analyst
50. “Instant transactions, no waiting for checks to clear, no chargebacks (merchants will like this), no account freezes (look out Paypal), no international wire transfer fee, no fees of any kind, no minimum balance, no maximum balance, worldwide access, always open, no waiting for business hours to make transactions, no waiting for an account to be approved before transacting, open an account in a few seconds, as easy as email, no bank account needed, extremely poor people can use it, extremely wealthy people can use it, no printing press, no hyper-inflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!”
–Trace Mayer J.D., a Leading Monetary Expert on Bitcoin and Gold
51. More companies will pay freelancers with crypto, which will lead to calls for tax reform. There will need to be greater regressive sales taxes, which will ultimately require government cuts and eventually less power for national governments. This is a long-term prediction.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
52. “You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust”
–John McAfee, Founder of McAfee
53. “It’s money 2.0, a huge huge huge deal.”
–Chamath Palihapitiya, Previous head of AOL instant messenger
54. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
–Tyler Winklevoss, Co-creator of Facebook
55. Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook.
–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
56. “There are 3 eras of currency: Commodity based, politically based, and now, math based.”
–Chris Dixon, Co-founder of Hunch now owned by Ebay, Co-founder of SiteAdvisor now owned by McAfee
57. “Bitcoin may be the TCP/IP of money.”
–Paul Buchheit, Creator of Gmail
58. “I am very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it’s derided as a toy. Just like microcomputers.”
–Paul Graham, Creator of Yahoo Store
59. “I really like Bitcoin. I own Bitcoins. It’s a store of value, a distributed ledger. It’s a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government’s currency does not hold value. It’s also a good investment vehicle if you have an appetite for risk. But it won’t be a currency until volatility slows down.”
–David Marcus, CEO of Paypal
60. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortles. Bitcoin open source implementation of P2P currency
—Satoshi Nakamoto, Founder of Bitcoin
61. “Overstock was the first billion dollar merchant to accept bitcoin payments, now there are ten of them,”
–Brian Armstrong, CEO of Coinbase
62. ”[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
–Ben Bernanke, Chairman of the Federal Reserve
63.“Bitcoin actually has the balance and incentives center, and that is why it is starting to take off”
–Julian Assange, Founder of Wikileaks
64. China will invest heavily in another cryptocurrency, but probably not bitcoin. China will want to have a cryptocurrency that is competitive with bitcoin, but under its centralized control. This will, in general, provide legitimacy to all cryptocurrencies.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
65. “[Bitcoin] is a very exciting development, it might lead to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.”
–Kim Dotcom, CEO of MegaUpload
66. “At our venture firm, we continue to see an escalating stream of fascinating new Bitcoin uses cases and applications from entrepreneurs.”
Marc Andreessen, Venture Capitalist, Founder of Netscape, Jan 5, 2015
67. “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
68. “The Federal Reserve simply does not have authority to supervise or regulate bitcoin in any way”
— Janet Yellen, Chair of the US Federal Reserve, Feb 27, 2014
69. “Stay away from it. It’s a mirage, basically”
— Warren Buffet, CEO of Berkshire Hathaway, Feb 14 2014
70. “Bitcoin, crypto currencies, solved this problem of coming to a consensus globally where you don’t trust anybody else. I’m a computer scientist, I thought that was impossible. These guys have proved it can be done.”
–Richard Brown, Executive Architect for IBM UK, Oct 22, 2013
71. “It’s gold for nerds.”
–Stephen Colbert, Comedian, April 17, 2013
72. Still thinking about #Bitcoin. No conclusion – not endorsing/rejecting. Know that folks also were skeptical when paper money displaced gold.
–Lloyd Blankfein, CEO of Goldman Sachs
73.”It just identifies how much money laundering there is being done in the world,” Fink said. “How much people are trying to move currencies from one place to another.”
–Larry Fink, CEO and Blackrock
74.The U.S. government will secretly start accumulating one of the smaller cryptocurrencies to make it easier for gray-area transactions with other countries.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
75. It looks and smells like all the bubbles I have seen throughout history,” I Am Not Bitcoin’s Satoshi Nakamoto. Not only does Elon Musk deny being the mysterious creator of bitcoin Satoshi Nakamoto, but he’s also forgotten where he keeps his cryptocurrency. … “Not true”
–Elon Musk, CEO and Chairman, Tesla
76. “I just don’t believe in this bitcoin thing. I think it’s going to implode one day. It’s Enron in the making,”
–Alwaleed bin Talal, Kingdom Holding Company chairman
77. Bitcoin is a digital currency, whose value is based directly on two things: use of the payment system today – volume and velocity of payments running through the ledger – and speculation on future use of the payment system. This is one part that is confusing people. It’s not as much that the Bitcoin currency has some arbitrary value and then people are trading with it; it’s more that people can trade with Bitcoin (anywhere, everywhere, with no fraud and no or very low fees) and as a result it has value.
–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
78. “It looks and smells like all the bubbles I have seen throughout history,”
–Jim Rogers, legendary Investor, former partner of George Soros of Quantum Fund
79. “Bitcoin is an attempt to replace fiat currency and evade regulation and government intervention. I don’t think that’s going to be a success,”
–Ben Benarke, former Chairman of the Federal Reserve
80. Thousands of crypto companies will be created and go public, but only a few will be massive successes.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
81. “Bitcoin, or some kind of cryptocurrency, has the ability to decouple African Americans from the economic system in a positive manner,” he says. “With Bitcoin, there are a lot more methods with microlending, where you can have communities using cryptocurrencies to help themselves without any intermediaries.”
–Shawn Wilkinson, the founder of Storj, a cloud-storage service
82. “The important function of a currency is, it’s a means of payment, it has to be generally accepted, it has to be a store of value and it’s a transaction currency. Bitcoin is only a transaction currency.”
–Axel Weber, UBS Chairman and former Bundesbank President
83. We should write songs about Bitcoin. It won’t stop going up. I’ve never seen an investment like it in my life.
–Dr. Boyce Watkins, Founder and CEO of Watkins Enterprises, former professor of finance at Syracuse University
84.Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.
–Satoshi Nakamoto, Founder of Bitcoin
85.“We are just seeing a classic hype cycle. The Internet in 2001, the NASDAQ crashed down. In many ways, bitcoin is the most exciting technology since the Internet, we think,”
–Brian Armstrong, CEO of Coinbase
86. “Cryptocurrency Protocols Are Like Onions.”
–Vitalik Buterin, programmer and writer primarily known as a co-founder of Ethereum and as a co-founder of Bitcoin Magazine
87. “I understand the political ramifications of [cryptocurrencies] and I think that government should stay out of them and they should be perfectly legal.”
–Ron Paul, Former U.S. representative and presidential candidate
88. Despite the optimism, there will be a massive wipeout, and 95 percent of the alt-coins out there will go away — just like the dot-com bust. The surviving coins will go up a ton. This will happen within next four-six months.
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report
89. “There’s no question that Bitcoin has the capacity to accelerate other activities in the community that are destructive, because of its arms-length nature,” he says. “I think for many people in the black community who have heard of Bitcoin and have associated it with the an illicit marketplace, they will keep away from it so as not to introduce it into a community that has enough issues with alternative economies.”
–Nicholas Pearce, an assistant professor at Northwestern University’s Kellogg School of Management
90. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
— Tyler Winklevoss, who is best known for suing Facebook founder Mark Zuckerberg in 2008 over the claim that he stole the idea for the social network from him and his brother
91. “There ought to be a hard look at the policy of anonymous currencies, because the ability to track information of money flowing is one we use seriously against terrorism and as [a tool] against improper, illegal behavior,”
— Brian Moynihan, Bank of America CEO
92. The Bitcoin ledger is a new kind of payment system. Anyone in the world can pay anyone else in the world any amount of value of Bitcoin by simply transferring ownership of the corresponding slot in the ledger. Put value in, transfer it, the recipient gets value out, no authorization required, and in many cases, no fees.
–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
93. This is going to be the largest bubble of our lifetimes,” Novogratz said. “Prices are going to get way ahead of where they should be. You can make a whole lot of money on the way up, and we plan on it.”
–Mike Novogratz, hedge fund manager, Galaxy Digital Assets
94. “The NFL cartel could be disrupted and I see a group forming that will launch a new league where athletes and fans who create most of the commercial value have equity ownership tokens. The new blockchain leagues could just OTT games”
–Jamarlin Martin, Founder and CEO of Nubai Ventures, investor and digital media entrepreneur
95. “Bitcoin is a monopoly run by a protocol, not by a managing organization. Familiar monopolies are run by managing organizations with discretion to determine and then change prices, offerings and rules. Monopolies are often regulated to prevent or at least mitigate their abuse of power,”
–Bank of Finland
96. “Digital currencies pose new risks to central banks, including their control of money supply and price stability, and the transmission of monetary policy, Cetinkaya said. Even so, the Turkish central banker said that digital currencies may be an important element for a cashless economy, and the technologies used can help speed up and make payment systems more efficient,”
Murat Çetinkaya is the current Governor of the Central Bank of the Republic of Turkey
97. “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,”
–Tidjane Thiam, Credit Suisse Group AG Chief Executive Officer
98. “I get often asked why I‘m so skeptical about bitcoin, it probably comes from my background as a central banker,” Weber said at a conference organized by the Swiss Finance Institute.
— Axel Weber, UBS Chairman and former Bundesbank President
99. Bitcoin could still have a useful future as a specialist means of exchange for internet transactions. However, no one is currently using it for that purpose. Instead it has become a vehicle purely for momentum-based speculation. But with no intrinsic value to support prices, and with alternative cryptocurrencies springing up by the hundred and threatening to negate the very scarcity that is touted as bitcoin’s chief virtue, the bubble that last week propelled the price of bitcoins to a record high is clearly unsustainable. At some point it must burst. Today the combined value of all the 16.7 million bitcoins in existence is US$160 billion, with the total capitalisation of the cryptocurrency universe some US$287 billion. Tomorrow it could be zero.
–Tom Holland, a former SCMP staffer, who has been writing about Asian affairs for more than 20 years
100. As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.
–Satoshi Nakamoto, Founder of Bitcoin
101. Amsterdam 1636. Cash-settled futures markets in tulip bulbs start. Prices soar. Amsterdam February 1637. Tulip bubble bursts #beenherebefore
–Paul Donovan, UBS economist
102. If we had not shut down bitcoin exchanges and cracked down on ICOs several months ago, if China still accounted for more than 80% of the world’s bitcoin trading and ICO fundraising, everyone, what would happen today? Thinking of this question makes me scared.
–Pan Gongsheng, a deputy governor of the People’s Bank of China
103. “Everyone Should be investing in Crypto”
–Dr. Boyce Watkins, Founder and CEO of Watkins Enterprises, former professor of finance at Syracuse University
104. I’ll say $1 million by 2020, as well, easily, “There’s 15 million millionaires around the world. All their financial advisors are going to say, ‘Hey, buy a bitcoin. You need some exposure.'”
–James Altucher, the author of the bestselling book “Choose Yourself” and an editor at The Altucher Report