Stupid Predictions

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People who are normally considered hi-level, intelligent investors are often really stupid about bitcoin because they fail to recognize it as a sea change that is fundamentally transforming the entire monetary system. They try to compartmentalize the tree of one business stock and miss the entire forest that is equivalent to the Internet on which all businesses will be built. Bitcoin is the protocol on top of which the Internet and monetary systems are being rebuilt. Bitcoin automatically gives its owner a piece of the action of future Googles, Amamzons, and Microsofts, as well the productivity of nations. As the population and productivity of the world increase, so will the value of bitcoin. And it will release a wave of creativity as bureaucracies are made irrelevant and wars are no longer fought prop-up fiat currencies.

Charlie Munger at $154 BTC: "Bitcoin is rat poison." 30-second X video

Jamie Dimon at $350 BTC: "Bitcoin has no intrinsic value." 27-second X video

Dave Ramsey at $550 BTC: "Bitcoin is the Iraqi Dinar of the Internet." 2-minute X video

Dan Pena at $3800 BTC: "If this comes out, bitcoin is going to zero!" 20-second X video

Jamie Dimon at $5000 BTC: "Governments will crush Bitcoin...Tulip bulbs..." 3-minute video

Kevin O'Leary at $5,600 BTC: "It's garbage. You can't get in and out of it in large amounts." 2-minute X video

Warren Buffet at $9000 BTC: "Bitcoin is rat poison squared." 11-second X video

Harvard Economist at $11,500: "Bitcoin is more likely to hit $100 than $100,000 in a decade." In 2025, Harvard purchased $116 million of Bitcoin at the price of $116,000. 1-minute video

Peter Zeihan at $16,000 BTC: "Bitcoin has no intrinsic value." 2-minute X video

Peter Zeihan at $23,000 BTC: "A pyramid scheme...gonna be like BetaMax." YouTube Short/Full Interview

Kevin O'Leary at $34,391 BTC: "Bitcoin is a nothing-burger, a giant nothing-burger." 30-second YouTube video

Luke Gromen at $90,000 BTC: "At some point Bitcoin could compete with gold, but that far down the road." Tucker Carlson interview (At the time of this interview the market value of bitcoin is roughly $2 trillion to gold's $10 trillion. We'll revisit this when they are closer to value and big gold investors (countries/banks) recognize the superiority of bitcoin as a store of value.)

Paul Krugman: "There is no legitimate use for Bitcoin. It's a cult." 2-minute video

Michael Burry: "Bitcoin at 100,000 is the most ridiculous thing that sane people are sitting on TV talking about. It’s down now, it’s 98,000. It’s not worth anything. Everybody’s accepted it. It’s the tulip bubble of our time. It’s worse than a tulip bubble because this has enabled so much criminal activity to go deep under." Queued point in interview


Websites documenting the predictions of Bitcoins death


A new paradigm that destroys old economic theories







Why it was so difficult for the finance and investment communities to grasp bitcoin when it was valued at $200.
(1-minute video)


Bitcoin is a paradigm shift. It convert economics from an art to a science. There is so much you learned, you have to unlearn...like your monetary theory.
(4-minute video)


Financial privilege blinds seemingly intelligent people to Bitcoin's utility.
(4-minute video)


Breaking Free of "Educated Investing"

College trains for three types of investment and stays within a very limited/narrow margin. Questioning that paradigm can lead to breakout performance. (24-minute video)


Bitcoin's Volatility is a Gift

See more at Volatility

Bitcoin is Venice
Buy on Amazon
Audiobook

A fun exploration of Bitcoin’s potential to reshape economics, society, and human liberty, weaving together historical analogies and philosophical insights. The book critiques the flaws of modern fiat currency systems—characterized as wasteful and coercive—and presents Bitcoin as a decentralized, sound money alternative that could usher in a new Renaissance of ethical capitalism. The chapter "Bitcoin Is Logos," draws a profound parallel between Bitcoin and the ancient Greek concept of "logos," or universal reason, arguing that Bitcoin functions as a global, immutable language of value—a "speech act" inscribed in code that transcends political boundaries and resists censorship. This chapter emphasizes Bitcoin’s role as a trustless, verifiable system, likening its transactions to an enduring truth that fosters freedom and discovery, much like Venice’s historical defiance of orthodoxy enabled economic and cultural flourishing. Through this lens, the book envisions Bitcoin as a foundational tool for a future where capital and human potential are liberated from centralized control.

21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole
Buy on Amazon
Audiobook

Falling down the Bitcoin rabbit hole is a strange experience. Like many others, I feel like I have learned more in the last couple of years studying Bitcoin than I have during two decades of formal education. The following lessons are a distillation of what I’ve learned. First published as an article series titled “What I’ve Learned From Bitcoin,” what follows can be seen as a third edition of the original series.





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