Many experts have expressed their thoughts on cryptocurrency. While some of them are supportive, the rest are skeptical. Let's hear some of their opinions.

Cryptocurrencies have attracted widespread attention since the price of Bitcoin skyrocketed in a short space of time, creating millionaires and successful traders. The response has been both negative and positive, with some calling it the "fourth industrial revolution" while others are simply regarding it as a "bubble".

Nevertheless, it's clear that apart from the continuous debate, crypto assets are gradually finding their place in society. We can see that cryptocurrencies have made significant changes in the market, especially now that various sectors are starting to consider applying blockchain in their system. There's a chance that blockchain technology will be used in various industries such as health, tourism, automotive, environment, etc.

This phenomenon has inspired many experts and popular individuals to voice their opinions, which apparently become quotes that people often remember. Here we have summarized 15 of the most iconic quotes on cryptocurrency. The aim is not to tell or persuade you to invest in Bitcoin and other cryptos, but simply to show you where we currently stand and how much potential still lies ahead.

Quotes on Cryptocurrency

1. Satoshi Nakamoto

"If you don't believe it or don't get it, I don't have time to convince you, sorry."

This is probably one of the earliest Bitcoin quotes in existence. If you didn't know, Satoshi Nakamoto is the founder of Bitcoin and so he was one of the first people that believed in the power of Bitcoin. Back then, not many people even knew about Bitcoin let alone imagined that it would be something evolutionary. But today, the digital coin has completely changed the world, so much that people won't need a lot of convincing anymore.

 

2. Marc Kenigsberg

"Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential."

Marc Kenigsburd is known for his podcast called "The Conversation", where he talks mainly about blockchain and its use in everyday life. He's also the founder of Bitcoinchasers.com. His quote points out that blockchain and Bitcoin are two separate concepts because blockchain is the underlying tech that has much wider potentials to explore, whereas Bitcoin is just one of the products of the technology. Therefore, he implies that we are still in a phase of technological infancy at the moment.

Marc Kenigsberg

 

3. Erik Voorhees

"Whenever the price of cryptocurrency is rallying, people start spending a lot more."

Erik Voorhees is the founder and the CEO of ShapeShift, one of the most popular cryptocurrency trading platforms. He often writes about Bitcoin and makes noteworthy quotes on his Twitter account. This one specifically talks about what's often referred to as "positive market sentiment". He's basically saying that when an asset as volatile as cryptocurrency suddenly increases in value, people tend to build unrealistic expectations and thus, mass-buying the coins and increase the coins' scarcity.

 

4. Rick Falkvinge

"Bitcoin will do to banks what email did to postal industry."

Rick Falkvinge is an IT entrepreneur and founder of the Swedish Pirate Party. He makes a strong point in this quote illustrating that Bitcoin will completely change the way we use and transfer money, just like the way email changed the way we use postal mail.

 

5. Peter Thiel

"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 a big challenge on the Bitcoin side."

Peter Thiel is a co-founder of PayPal and the author of the best-seller book titled "Zero to One". Based on his experience in PayPal, he said that the company has tried to improve their system with Bitcoin but still finds that the virtual coin is pretty difficult to work with. He believes that if Bitcoin is aiming for more mainstream adoption in the future, the payment system should be easier to use.

 

6. Steve Eisman

"What value does cryptocurrency add? No one's been able to answer that question to me."

Steve Eisman is a famous American businessman and investor. Most people know him from the movie "The Big Short", which depicts the true events of his life during the US housing bubble in 2007-2008. His quote, which was taken from his Twitter account, showed his remark against cryptocurrency supporters. He has been quite skeptical about cryptocurrency for a while now and said that he's going to stay out of it because he doesn't understand it. He also said that people who invest in cryptocurrency are just speculating.

Steve Eisman

 

7. William Mougayar

"I'm very excited about the prospect of using cryptocurrency, not just a money equivalent, but using it as a way to earn something as a result of doing some type of work."

William Mougayar is the author of "The Business Blockchain". In this quote, he is referring to the act of Bitcoin mining, where anyone can take their part in it and actually earn something from it. He thinks it is one of the most exciting features of cryptocurrency.

 

8. Eric Schmidt

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

Eric Schmidt is the executive chairman and former CEO of Google. His stance regarding cryptocurrency is actually kind of in the middle of the spectrum because even though he's not so sure about the future of Bitcoin, he made it clear that he's quite impressed by the technology and praised it during his speech at the Computer History Museum.

 

9. Julian Assange

"Bitcoin actually has the balance and incentives center, and that is why it is starting to take off."

Julian Assange is a publisher, activist, and editor who is known as the founder of Wikileaks. Wikileaks is a non-profit organization and one of the companies that have benefited greatly after accepting Bitcoin. During the company's struggle, it encountered a huge issue as major banks and credit card companies blocked all their payments. The company was able to survive after it started accepting Bitcoin donations and managed to pull through.

 

10. Vitalik Buterin

"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly."

Vitalik Buterin is a Russian-Canadian programmer and writer who is best known as the co-founder of Ethereum. In his quote, he highlights that blockchain technology is capable to break the stereotype that most new technologies are made to eliminate the role of humans in doing menial tasks. Instead, blockchain offers a new opportunity for everyone to participate and generate money from it.

 

11. Brad Garlinghouse

"If the cryptocurrency market overall or a digital asset is solving a problem, it's going to drive some value."

Brad Garlinghouse is a well-reputed figure in the crypto world. He is the current CEO of Ripple, the company behind XRP. He sometimes tweets on his account, more often than not addressing the skeptics that seem to be highly doubtful about the future of cryptocurrency.

 

12. Paul Graham

"I'm very intrigued by Bitcoin. It has all the signs. Paradigm shift, hackers love it, yet it described as a toy. Just like microcomputers."

Paul Graham is a skilled programmer, venture capitalist, and creator of the Yahoo store. In his quote, he's trying to make the readers think about the real potential of cryptocurrency in the long term. He thinks that the world hasn't done justice to cryptocurrency because many people are underestimating it and describing it as if it's not that big of a deal.

 

13. Adam B. Levine

"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 is the founder of Let's Talk Bitcoin and the CEO at Tokenly. His quote points out how important public adoption really is when it comes to adding value to a new cryptocurrency. He's basically saying that in order to make crypto coins valuable, people should start using them in their daily lives, including buying, spending, and receiving them as a medium of payment.

 

14. Bill Gates

"Bitcoin is a technological tour de force."

Everyone must've heard about who Bill Gates is. As the father of all programming and founder of Microsoft, he must have spent a lot of time pondering about the future of technology. As many people actually look up to him, his short comment towards Bitcoin has successfully made more people interested in the underlying potential of cryptocurrencies.

Bill Gates

 

15. Hal Finney

"I see Bitcoin as ultimately becoming a reserve currency for banks, playing the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions."

Hal Finney is a developer for PGP Corporation and the second developer hired after Phil Zimmermann. In this quote, he clearly shows his support for cryptocurrency by sharing that he believes crypto coins can potentially make even greater changes in the future.

 

Conclusion

We can see that despite the ongoing debate, Bitcoin clearly has left its footprint in the financial world and made evolutionary changes to our everyday lives. More and more people are beginning to use it, praise it, and invest in it. These quotes have shown us that the news of Bitcoin has reached the ears of various experts and made them consider cryptocurrency to be the future of the financial world.

It's worth noting that these quotes on cryptocurrency are not the ultimate truth that you must believe in. Just because someone is popular or influential, doesn't mean that what they say is the absolute truth – it's simply an opinion based on personal experience. But considering how most of the quotes here come from experts, perhaps their words have some value to a certain degree and might give you a new insight. After all, not all of them are opposing Bitcoin as hard as Warren Buffett, whose opinions against cryptocurrencies have been disputed here.