This week, the price of Bitcoin broke through $110,000, setting a new historical high, reaching as high as $111,963. Now, the market value of Bitcoin has reached $2.2 trillion, surpassing Amazon to rank fifth globally. This new high also means that—since its inception in 2008, as long as users hold onto Bitcoin, it has never caused anyone to lose money in terms of price. Strategy Company, which has consistently bought and held Bitcoin, currently has unrealized gains exceeding $23 billion, and its executive chairman, Michael Saylor, proudly stated, "If you don't buy at Bitcoin's historical high, you are missing an opportunity."
However, looking back at Bitcoin's glorious journey, there have been many famous figures who held prejudices, believing Bitcoin to be worthless, and now Bitcoin once again uses price to slap these people in the face. Odaily Planet Daily will compile a collection of these face-slapping remarks in this article, serving as a "bitter meal" for Bitcoin supporters.
"Oracle of Omaha" Buffett: Bitcoin is "rat poison squared"; it will not end well.
Buffett is recognized as the "Oracle of Omaha" in the investment world, and even in the crypto circle, there are investors who believe in and practice his investment philosophy; however, over the years, Buffett himself has maintained a negative attitude towards Bitcoin.
In 2013, when Bitcoin was only over $100, Buffett stated that Bitcoin is rat poison. And during the Berkshire Hathaway shareholder meeting held in May 2018, when a CNBC reporter again asked, "Bitcoin has risen from over $100 to over $9,000; what do you think?" Buffett replied, "It might be rat poison squared."
At the Berkshire Hathaway shareholder meeting in May 2019, Buffett again expressed a negative view on Bitcoin, stating, "This is a gambling thing, and there is a lot of fraud associated with it. Bitcoin has not created any value. It's like shells and such; it's not an investment to me."
What would happen if you invest in Bitcoin?
At this year's Berkshire Hathaway shareholder meeting, no one asked Buffett about his views on Bitcoin anymore, perhaps because people believe the answer wouldn't differ from previous ones. At the same time, Buffett announced that he would retire by the end of the year, handing the CEO position to vice chairman Greg Abel. So, will this change Berkshire Hathaway's stance on Bitcoin?
Since 2018, Berkshire Hathaway's cash and cash equivalents reserves have steadily increased.
The cash and cash equivalents reserve disclosed at the end of 2018 was $111.86 billion, while the reserve disclosed in Q1 2025 was $350 billion. It can be seen that Berkshire Hathaway is not optimistic about the global economic situation in recent years, preferring to hold cash. But what if a portion of the reserves were invested in Bitcoin?
In 2018, the high price of Bitcoin was about $14,000. If Berkshire Hathaway had invested 1% (about $1.1 billion) of its cash reserves at that time in Bitcoin, this investment would now be worth over $8.6 billion. If 1% of the cash and cash equivalents reserves were continuously invested in Bitcoin each year, the returns would be even more substantial.
"Self-defeating" Trump: Bitcoin is a scam, and I wouldn't be surprised if it fell below $6,000.
Who would have thought that Trump, the "crypto president" today, was once an opponent of Bitcoin? In 2019, during his first term as President of the United States, he tweeted, "I am not a fan of Bitcoin and other cryptocurrencies; they are not currencies; their value is highly volatile, and they come from nowhere. Unregulated crypto assets can facilitate illegal activities, including drug trafficking and other illegal activities."
Then, on June 7, 2021, crypto president Trump, during an interview with Stuart Varney on Fox Business, stated, "Bitcoin is a scam, and I wouldn't be surprised if it fell below $6,000." He expressed his dislike for Bitcoin because it competes with the US dollar. Trump also stated that the world's currency should be the dollar, and we should not have Bitcoin.
To err is human; to correct is noble.
Trump's stance on Bitcoin can be divided into three phases: strong criticism (2019), continued questioning after leaving office (2021), and active support while in office (2025). Although it is well known that politicians are crafty foxes whose stances change with interests, there are no eternal enemies or friends, only eternal interests.
During the 2024 presidential election, crypto enthusiasts have become an undeniable political force in the US. Trump changed his stance on crypto to garner votes, attending crypto conferences and frequently flattering Bitcoin and cryptocurrencies in public. After successfully becoming president, Trump's interest group realized that the crypto industry has huge profit potential, faster cash flow than the family real estate business, and subsequently established crypto projects like World Liberty Financial, issued the meme coin TRUMP, and stablecoin USD1, turning the crypto industry into a family ATM.
However, it cannot be denied that Trump's change in attitude towards Bitcoin and the crypto industry is indeed one of the engines of this bull market, "Having made such a big contribution, what's wrong with making some money?"
Bill Gates: One should not expect Bitcoin to rise; I am willing to short it.
Famous Web2 figure Bill Gates has also consistently held a negative view on Bitcoin. In a CNBC interview in 2018, he stated, "As an asset class, it doesn't create anything, so you shouldn't expect it to go up. This is purely an investment based on the 'greater fool theory'; if there were a simple method, I would agree to short it."
However, in 2021, Bill Gates changed his stance on Bitcoin and adopted a neutral attitude towards it.
However, in June 2022, during the NFT boom, Bill Gates again stated in a TechCrunch talk that "NFTs are 100% based on the greater fool theory," pouring cold water on the crypto focus at the time.
Bill Gates last expressed his views on Bitcoin in May 2024, stating that "the value of a company comes from the great products they create, while the value of cryptocurrencies is merely what others are willing to pay for them, so it hasn’t added value to society like other investments." It is evident that his hostility towards cryptocurrency has not changed much.
JPMorgan CEO: Bitcoin is worthless; people have the right to smoke, but that doesn’t mean it's beneficial.
JPMorgan CEO Jamie Dimon has also been an "opponent" of Bitcoin for many years. As early as 2014, Dimon stated his position on Bitcoin, calling it "a poor store of value; this cryptocurrency can be repeatedly copied; here is a summary of Jamie Dimon's negative comments on Bitcoin over the years:"
2014: "A terrible store of value"
2015: "Will not survive" "Will be stopped"
2016: "No way out"
2017: "Fraud"
2018: "Don't care at all"
2019: Released JPMCoin
2020: "Not my cup of tea"
2021: Worthless
Even today, Jamie Dimon still holds a negative attitude towards Bitcoin. On January 13, 2015, he criticized Bitcoin again, stating that it has no intrinsic value and is often abused by wrongdoers. He compared trading Bitcoin to smoking, saying people may have the right to smoke, but that does not mean smoking is a good idea.
Forced to sell "cigarettes".
However, although Jamie Dimon has not spared a single critical word for Bitcoin, JPMorgan has still performed "a true fragrance" behavior. On May 19, 2025, Jamie Dimon stated, "Although I am not a 'fan' of Bitcoin, I will allow clients to purchase Bitcoin, but will not provide custody services for it."
In fact, as early as 2021, Jamie Dimon had expressed a similar view: advising investors to stay away from Bitcoin, but if Bitcoin received more regulation, JPMorgan could provide Bitcoin-related services to clients. He used marijuana as an example, saying it goes back to how one should run a business. "I don't smoke marijuana, but if you legalize it in the US, I won't stop our people from storing it, etc. I won't tell people how to spend their money, regardless of my personal views on what people might buy with their own money."
There is no doubt that Jamie Dimon is not a smart investor, but he is a competent businessman.
BlackRock CEO: Bitcoin is a money laundering indicator
BlackRock CEO Larry Fink first expressed his views on Bitcoin in October 2017, stating, "Cryptocurrency proves how much money laundering is happening worldwide." At the same time, in a 2021 interview with CNBC, he stated, "I might lean more towards Jamie Dimon's camp, as he believes Bitcoin is worthless."
How much is human freedom worth?
However, BlackRock's CEO changed his view on Bitcoin in 2023. In July 2023, he referred to Bitcoin as digital gold in a Fox Business program. In March 2024, when a CNBC reporter asked, "How much do you think Bitcoin is worth?" Larry Fink responded, "How much is human freedom worth?" Larry Fink, a veteran of the finance world, directly elevated Bitcoin's value to the level of priceless.
Larry Fink also explicitly stated, "I was a skeptic and proud of it. But after my research, I found that my views five years ago were wrong. I believe Bitcoin is legitimate, and it can bring returns uncorrelated with traditional assets."
In March 2025, Larry Fink stated that Bitcoin prices are expected to rise to $500,000 to $700,000.
Jack Ma: Blockchain is not a bubble, but Bitcoin is.
Jack Ma, a well-known Chinese entrepreneur, also does not hold a positive stance on Bitcoin. In November 2017, during an event, he stated: "I am not very interested in Bitcoin; we have a team researching blockchain, but Bitcoin is not something I want to pursue; we don't focus on Bitcoin."
At the second World Intelligence Conference held in Tianjin in May 2018, Jack Ma stated, "Blockchain is not a bubble, but Bitcoin is a bubble—Bitcoin is just a small part of blockchain." He reiterated this view again in August 2021.
It can be seen that Jack Ma has a certain confidence in the application level of blockchain technology, but maintains a cautious and negative attitude towards specific coins like Bitcoin.
Lang Xianping: If you give me Bitcoin, I won't want it.
Independent economic commentator, former host of (Finance Langyan) Lang Xianping, expressed in a 2014 Guangdong TV (Finance Langyan) program, "If you give me Bitcoin, I won't want it. To me, this thing has no meaning, no value." Thus, a classic meme emerged.
Four years later, in January 2018, during media coverage of Lang Xianping's statement "I wouldn't want Bitcoin even if you gave it to me," he reinforced his stance, viewing Bitcoin as an "illusion" and "speculative bubble," and cited Buffett's view of "staying away from Bitcoin" to warn of risks.
Summary: Bitcoin is the religion of the new era.
Bitcoin, which started with a string of code in 2008, has experienced years of ups and downs and has once again declared its immortality to the world this week with a new price high. Those steadfast opponents who set sail with skepticism can only retreat in the face of rising prices. Each new high for Bitcoin is a gentle mockery of the "bubble theory" and "zero theory"—price is truth, and numbers forge faith.
Perhaps Bitcoin is the religion of the new era. It has no churches, but it lights the hearts of believers across global nodes; it has no scriptures, but it writes unalterable scriptures with blockchain. For steadfast Bitcoin opponents, even if the price is high and consensus strong, it may not change their prejudice, but "a generation will always grow old, but there will always be youth," the ranks of Bitcoin believers will only grow larger in the future.
