Synopsis: This article collects 52 of the best bitcoin quotes ever. Much has been written and said about Bitcoin – the decentralized peer to peer currency taking the world by storm. What may surprise you is the range of famous people who have added their voices to the movement.

Below are 52 of the most famous, poignant and downright mind-expanding best Bitcoin quotes ever uttered.

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Bitcoin quotes from programmers

“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 currency 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.” – Satoshi Nakamoto (founder of Bitcoin)

“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 (executive architect of IBM)

“Bitcoin has a couple of things going for it: one is that it is distributed, with no single point of failure, no ‘mint’, no company with offices that can be subpoenaed and arrested and shut down.” – Hal Finney (first person to receive a Bitcoin transaction)

“Trusted third parties are security holes.” – Nick Szabo (inventor of Bit gold, a precursor to Bitcoin)

“Bitcoin may be the TCP/IP of money.” – Paul Buchheit (creator of Gmail)

“What we want is fully anonymous, ultra low transaction cost, transferable units of exchange. If we get that going… the banks will become the obsolete dinosaurs they deserve to become.” – Adam Back (inventor of Hashcash, a precursor to Bitcoin)

“Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.” – Gavin Andresen (core developer of Bitcoin)

Bitcoin quotes from authors

“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” – Nassim Nicholas Taleb (author of The Black Swan)

“Some of the most popular tech companies were ones such as Airbnb and Uber that openly challenged cumbersome regulations like those imposed on hotels and taxis. In the financial networks that Bitcoin was hoping to challenge, tech investors… saw just another set of regulations that could be disrupted to create a more efficient market. If anything, the financial industry seemed even more open to disruption because the incumbent businesses were so afraid of breaking the rules.” – Nathaniel Popper (author of Digital Gold)

“…control of a currency is one of the most powerful tools a government wields; ask anybody in Ireland, Portugal, Greece or Cyprus who lived through those countries’ recent financial crises. Bitcoin promises to take at least some of that power away from governments and hand it to the people. That alone augurs significant political, cultural and economic clashes.” – Paul Vigna & Michael J. Casey (authors of The Age of Cryptocurrency)

“The growth and importance of cryptocurrency and cryptocomputing rivals the early growth of the commercial Internet and web, and the technical and economic revolution that will result is perhaps even more significant than the first phase of the Internet.” – Chris Burniske & Jack Tatar (authors of Cryptoassets)

“You don’t need to ask anyone if your application can be published on the Internet. You don’t need to ask anyone to completely subvert a new industry with your information technology. On Bitcoin, you don’t need to ask anyone to invent a new financial instrument, a new payment system, a new service. You can just do it.” – Andreas Antonopoulos (high-profile Bitcoin advocate, author of The Internet of Money, and Mastering Bitcoin)

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Bitcoin quotes from business titans

“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 Andreessen (venture capitalist and co-founder of Netscape)

“Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.” – Eric Schmidt (former executive chairman of Google)

“I have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting.” – Richard Branson (founder of the Virgin Group)

“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 space and, of course, for large transactions, currency can get pretty inconvenient.” – Bill Gates (founder of Microsoft)

“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 Inc.)

“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 (founder of Mega)

“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.” – Peter Thiel (venture capitalist, founder of PayPal, early investor in Facebook)

“There are three eras of currency – commodity-based, politically-based, and now: math-based.” – Chris Dixon (tech entrepreneur: co-founder of Hunch and SiteAdvisor)

Bitcoin quotes from investors

“… it is a much more efficient way of moving money around the world.” – Tim Draper (venture capital investor)

“Investors shouldn’t lazily compare bubbles that have material differences.” – Jamarlin Martin (founder and CEO of Nubai Ventures)

“You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990’s.” – Blythe Masters (investment banker)

“Bitcoins are the most important invention since the Internet itself. They will change the way the entire world does business.” – Roger Ver (early Bitcoin investor)

“There will be a future where people will use Bitcoin, and they won’t even know they’re using it.” – The Winklevoss Twins (early investors in Facebook & Bitcoin)

Bitcoin quotes from Bitcoin entrepreneurs

“Bitcoin is the first time in five thousand years that we have something better than gold. And it’s not a little bit better, it’s significantly better. It’s much more scarce. More divisible, more durable. It’s much more transportable. It’s just simply better.” – Wences Casares (Argentine technology entrepreneur)

“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 (CEO of Bloq)

“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 (CEO of TradeHill)

“Bitcoin businesses are literally at the edge of law, not because they are doing anything wrong, but because Bitcoin enables new activities and behaviors and recategorizes money in such a way as to enable it to transcend current statuses. This is both exciting, and scary, because we’re breaking amazing ground and we’ll inevitably be in the crosshairs for doing so.” – Erik Voorhees (BitInstant / Satoshi Dice)

“The reason we’re all here is that the current financial system is outdated.” – Charlie Shrem (co-founder of BitInstant)

bitcoin quotes

Bitcoin quotes from journalists

“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.” – Jim Rickards (financial commentator)

“Bitcoin, in the short or even long term, may turn out to be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin (financial columnist)

“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 is the currency of resistance.” – Max Keiser (broadcaster and film-maker)

“The relative success of Bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.” – Arnon Grunberg (journalist)

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Bitcoin quotes from activists

“The Bitcoin actually has the balance and incentives right and that is why it is starting to take off.” – Julian Assange (founder of Wikileaks)

“Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.” – Jacob Appelbaum (activist and core member of the Tor project)

“Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.” – Amir Taaki (Bitcoin activist)

“…just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions.” – Tim May (anarcho-libertarian activist)

“When the collapse happens there is no telling how high Bitcoin will rise as people panic and try to salvage some of their wealth… but for most it will be too late.” – Jeff Berwick (activist)

Bitcoin quotes from politicians

“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government]… is actually pretty cool. I am a big fan of Bitcoin.” – Al Gore (45th Vice-President of the United States)

“Bitcoin will do to banks what email did to the postal industry.” – Rick Falkvinge (Swedish politician)

“…Bitcoin [has] captured the imagination of some, struck fear among others, and confused the heck out of the rest of us.” – Thomas Carper (United States Senator)

Bitcoin quotes from advocates and change agents

“Bitcoin might revolutionize more than money or economics. It could transform the role and nature of government.” – Leon Louw (nominee for Nobel Peace Prize)

“Bitcoin is going to change the world from a money transactional standpoint not just for Africa, but for everywhere.” – Akon (singer / songwriter)

“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 transactions – all good things.” – Peter Diamandis (founder and chairman of the X Prize)

“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 a reality or not, one Bitcoin will feed over 40 homeless people… If you guys want proof Bitcoin is real, send them to me, I’ll cash them out and feed homeless people.” – Jason King (Bitcoin advocate)

“Community is everything for a currency.” – Brock Pierce (Director of the Bitcoin foundation)

Bitcoin quotes from central bankers

“Virtual currencies may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.” – Ben Bernanke (former chair of the United States Federal Reserve)

“…why might citizens hold virtual currencies rather than physical dollars, euros or sterling? Because it may one day be easier and safer than obtaining paper bills, especially in remote regions. And because virtual currencies could actually become more stable.” – Christine Lagarde (Managing Director of the International Monetary Fund)

“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 (former director of the US Mint)

“The people who rejected the Internet as a curiosity for scientists were on the wrong side of history, the people who rejected digital photography as really an artificial thing were on the wrong side of history, and the people who felt that nongimmicky tennis racquets were made with wood were on the wrong side of history. So it seems to me that the people who confidently reject all the innovation here [in blockchain-based payment and monetary systems] are on the wrong side of history.” – Larry Summers (former Secretary of the US Treasury)

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