Top 10 Best Bitcoin Quotes, Sayings And More

Last updated Jan 22, 2024

Check out these Bitcoin quotes for insight into the thinking of cryptocurrency experts, investors, and digital innovators. Blockchain is changing the way currency, finance, and government work. See what the best digital thinkers say about the Bitcoin revolution.

CONTENTS:

Top 10 Bitcoin Quotations

These top ten Bitcoin quotes are from prominent names in technology, finance, and politics. They speak of a revolutionary technology—with blockchain at its core—overtaking centuries-old concepts of currency and financial transactions. In their minds, the future of Bitcoin is bright.

1. “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

2. “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.”
Tyler Winklevoss, entrepreneur

3. “The future of money is digital currency.”
Bill Gates, Microsoft co-founder

4. “[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.”
Eric Schmidt, CEO of Google

5. “I do think Bitcoin is the first [encrypted money] that has the potential to do something like changing the world.”
Peter Thiel, co-founder of Paypal

Best 10 Bitcoin Quotes

6. “Spend some time with Bitcoin. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people”
Erik Voorhees, Bitcoin entrepreneur

7. ”Virtual Currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
Ben Bernanke, former Chairman of the Federal Reserve

8. “Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.”
Marc Andreesen, co-founder of Netscape

9. “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

10. “Well, I think it is working. There may be other currencies like it that maybe even better. But in the meantime, there’s a big industry around Bitcoin. ”
Richard Branson, Virgin Group founder

How Bitcoin Works Video

5 Bitcoin Quotes — Dissenting Views

The rosy view of cryptocurrency is not universal. The unknown and unfamiliar can be daunting. See what these famous names have to say about the Bitcoin revolution and its future in these dissenting bitcoin quotes.

1. “We don’t really know how this coin is created. You can’t have a functional money without a basic transparency. Unless you are addicted to volatile trading for the sake of trading, stay away from the Bitcoin. Thankfully its plunge will be a salutary caution to most folks.”
Steve Forbes, Editor-in-Chief of Forbes

2. “Stay away from it. It’s a mirage, basically”
Warren Buffet, Chairman and CEO of Berkshire Hathaway

3. “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

4. “Bitcoin is evil.”
Paul Krugman, economist

5. “So Bitcoin is cyber snob currency…”
William Shatner, actor

Bitcoin and Cryptocurrency

Bitcoin Quotes: The future of Bitcoin

“If we remember, 15 years ago if you were doing anything on the Internet you were going to make millions. I think it could be the same with Bitcoin.”
Jared Kenna, TradeHill CEO
“There are 3 eras of currency: Commodity based, politically based, and now, math based.”
Chris Dixon, technology investor
“It’s money 2.0, a huge huge huge deal.”
Chamath Palihapitiya
“With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.”
Satoshi Nakamoto, Bitcoin developer
“Bitcoin is Cash with Wings”
Charlie Shrem
“Cryptology represents the future of privacy [and] by implication [it] also represents the future of money, and the future of banking and finance.”
Orlin Grabbe, Economist
“Money is a collective agreement. If enough people come to the same agreement, what they agree upon becomes secondary, whether it be farm animals, gold, diamonds, paper, or simply a code. History proves all these cases to be true. Who knows what the future is going suggest to us as money, once we see digital currencies as ordinary?”
S.E. Sever, writer
“Bitcoin, and the ideas behind it, will be a disrupter to the traditional notions of currency. In the end, the currency will be better for it.”
Edmund C. Moy
“Right now Bitcoin feels like the Internet before the browser.”
Wences Casares, technology entrepreneur

The Political Implications

“This may be the purest form of democracy the world has ever known, and I — for one — am thrilled to be here to watch it unfold.”
Paco Ahlgren, financial analyst
“There are two kinds of cryptography in this world: cryptography that will stop your kid sister from reading your files, and cryptography that will stop major governments from reading your files.”
Bruce Schneier
“Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.”
Jacob Appelbaum
“Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.”
Amir Taaki
“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
“One must acknowledge with cryptography no amount of violence will ever solve a math problem.”
Jacob Appelbaum
“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

Bitcoin’s implications on Politics

“Cryptographical solutions might with great propriety be introduced into academies as the means of giving tone to the most important of the powers of the mind.”
Edgar Allan Poe
“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.”
Professor Milton Friedman
“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.”
Nassim Taleb
“I understand the political ramifications of [bitcoin] and I think that the government should stay out of them and they should be perfectly legal.”
Ron Paul
“Bitcoin totally strips away the State’s control over money.”
Roger Ver
“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
“If you care about liberty, the nonaggression principle, or economic freedom, in general, you should do everything you can to use Bitcoin as often as possible in your daily life.”
Roger Ver
“Cryptocurrency is such a powerful concept that it can almost overturn governments”
Charles Lee
“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

The Politics of Bitcoin

“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
“Bitcoin is the currency of resistance.”
Max Keiser
“Cryptography is the essential building block of independence for organizations on the Internet, just like armies are the essential building blocks of states because otherwise one state just takes over another.”
Julian Assange
“Hey, obviously this is a very interesting time to be in Bitcoin right now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola right now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.”
Jason King
“If Satoshi had released Bitcoin 10 yrs. earlier, 9/11 would never have happened”
Max Keiser

A New Technology

“Bitcoin is Money Over Internet Protocol.”
Tony Gallippi, BitInstant CEO
“I am very excited about the prospect of using cryptocurrency, not just as a money equivalent, but using it as a way to earn something as a result of doing some type of work.”
William Mougayar
“At their core, cryptocurrencies are built around the principle of a universal, inviolable ledger, one that is made fully public and is constantly being verified by these high-powered computers, each essentially acting independently of the others.”
Paul Vigna
“Lots of people working in cryptography have no deep concern with real application issues. They are trying to discover things clever enough to write papers about.”
Whitfield Diffie

Short Quotes

Sometimes the economical use of words can be more impactful. See if that’s the case with these short bitcoin quotes.

“Cryptography began in mathematics.”
James Sanborn
“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
“If you think cryptography is the answer to your problem, then you don’t know what your problem is.”
Peter G. Neuman
“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows. For example the ability to spend a coin that only occurs when two separate parties agree to spend the coin; with a third party that couldn’t run away with the coin itself.”
Pieter Wuille
“The blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.”
Paul Vigna
“Cryptography is typically bypassed, not penetrated.”
Adi Shamir
“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 hyperinflation, no debt limit votes, no bank bailouts, completely voluntary. This sounds like the best payment system in the world!”
Trace Mayer J.D.

Insights into the Bitcoin technology

These bitcoin quotes address the rapidly-changing technology.

“Cryptocurrency currencies take the concept of money, and they take it native to computers, where everything is settled with computers and doesn’t require external institutions or trusted third parties to validate things.”
Naval Ravikant

“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.”
Bill Gates

“What affected me most profoundly was the realization that the sciences of cryptography and mathematics are very elegant, pure sciences. I found that the ends for which these pure sciences are used are less elegant.”
Jim Sanborn

“A cryptanalyst is a person who doesn’t like being called a hacker.”
Josh Zepps

More insights

“Bitcoin seems to be a very promising idea. I like the idea of basing security on the assumption that the CPU power of honest participants outweighs that of the attacker. It is a very modern notion that exploits the power of the long tail.”
Hal Finney

“Bitcoin is just one example of something that uses a blockchain. Cryptocurrencies are just one example of decentralized technologies. And now that the Internet is big enough and diverse enough, I think we will see different flavors of decentralized technologies and blockchains. I think decentralized networks will be the next huge wave in technology. The blockchain allows our smart devices to speak to each other better and faster.”
Melanie Swan

“Bitcoin may be the TCP/IP of money.”
Paul Buchheit

“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, lawyer, economist and investment banker

Famous Wall Street Sayings About Investing

Bitcoin Technology Quotations

“It’s gold for nerds.”
Stephen Colbert
“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
“Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.”
Marc Kenigsberg
“Cryptocurrency Protocols Are Like Onions… One common design philosophy among many cryptocurrency 2.0 protocols is the idea that, just like the internet, cryptocurrency design would work best if protocols split off into different layers. Under this strain of thought, Bitcoin is to be thought of as a sort of TCP/IP of the cryptocurrency ecosystem, and other next-generation protocols can be built on top of Bitcoin much like we have SMTP for email, HTTP for webpages and XMPP for chat all on top of TCP as a common underlying data layer.”
Vitalik Buterin
“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it because it is their use that gives the “money” value.” Adam B. Levine
“Cryptography has generated number theory, algebraic geometry over finite fields, algebra, combinatorics, and computers.”
Vladimir Arnold
“Whenever the price of cryptocurrency is rallying, people start spending a lot more.”
Erik Voorhees
“Bitcoin is here to stay. There would be a hacker uproar to anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn’t want to be on the receiving end of hacker fury.”
Adam Draper

A Revolution is at Hand

These bitcoin quotes recognize the revolution that is taking place.

“The entire human populace is now taking charge of the means of production and changing the rules of the game. They’re making their own freaking currencies, for God’s sake!”
Paul Vigna
“We are seeing more managed money and, to an extent, institutional money entering the space. Anecdotally speaking, I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally, the question is, when do people start doing it with their firms and funds?”
Olaf Carlson-Wee
“Bitcoin is a technological tour de force.”
Bill Gates
“The reason we’re all here is that the current ﬁnancial system is outdated.”
Charlie Shrem
“It was the amateurs of cryptology who created the species. The professionals, who almost certainly surpassed them in cryptanalytic expertise, concentrated on down-to-earth problems of the systems that were then in use but are now outdated. The amateurs, unfettered to those realities, soared into the empyrean of theory.”
David Kahn
“Bitcoin is the most important invention in the history of the world since the Internet.”
Roger Ver
“Every informed person needs to know about Bitcoin because it might be one of the world’s most important developments.”
Leon Louw, Nobel Peace prize nominee

Quotations: The Bitcoin Revolution

More revolutionary bitcoin quotes.

“So my view’s quite clear. I believe cryptocurrencies, Bitcoin is the first example, I believe they’re going to change the world.”
Richard Brown
“Bitcoin will do to banks what email did to the postal industry”
Rick Falkvinge
“What can’t kill Bitcoin, makes it (us) stronger.”
Mark Wittkowski
“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
“There is so much potential, … I am just waiting for it to be a billion-dollar industry.”
Charlie Shrem
“Will people be buying yachts with their Dogecoin riches someday? 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
“Bitcoin is unstoppable.”
Roger Ver
“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
“The cryptocurrency community hasn’t decided whether they want to be anarchist rebels or to replace the establishment.”
Adi Shamir
“The swarm is headed towards us”
Satoshi Nakamoto, when WikiLeaks started accepting Bitcoin donation

By Mike O’Halloran and Greg Johnson

Mike and Greg are writers and co-founders of Listcaboodle.