Top 161 Bitcoin Quotes

Bitcoin is a way to have programmable scarcity. The blockchain is the data structure that records the transfer of scarce objects.

AngelList Syndicates are perfectly aligned with Bitcoin’s ideology. They democratize the system so everyone has access to high value dealflow; it’s the power of the people.

Bitcoin’s value is the same: It will remain as long as it is the most efficient mechanism for transferring ownership.

We set up a small bitcoin and ethereum mining operation… that miraculously now is actually making a lot of money.

There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It’s been true for XRP, and I think that’s because these markets are very nascent.

Bitcoin is just one example of something that uses a blockchain.

Bitcoin is very ideologically fulfilling, it’s my form of political activism, but it’s also a huge business opportunity.

Isn’t the purpose of bitcoin mining simply to get rich – or not, as the case may be? Well, at 21, we are less concerned with bitcoin as a financial instrument and more interested in bitcoin as a protocol – and particularly in the industrial uses of bitcoin enabled by embedded mining.

I saw Bitcoin as an actual market opportunity: as a trillion-dollar marketplace with long-term potential.

To be a more efficient, faster, and cheaper way to send money around the world, you have to be able to get in and out of Bitcoin. You need to have a liquid exchange on either end of the corridor.

Bitcoin is like anything else: it’s worth what people are willing to pay for it.

We need for people to understand that… yes, we want you to hold bitcoin but we also want to increase the utility of bitcoin.

While it’s not obvious to people now, in the long-run, the permissionless innovation that Bitcoin enables will ultimately improve the lives of billions of people.

To shut down Bitcoin is to shut down the Internet.

Like the Internet, Bitcoin will change the way people interact and do business around the world.

While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all.

A lot of people say that I took the first shot for Bitcoin. The first person to walk through the door always gets shot, and then everyone else can come through.

I regard the bitcoin craze as totally asinine to create some manufactured currency.

If there is one positive takeaway from the collapse of Mt.Gox, it is the willingness of a new generation of Bitcoin companies to work together to ensure the future of Bitcoin and the security of customer funds.

Before Bitcoin, I was just waiting around for the Singularity.

Price is the least interesting thing about bitcoin.

I want to help create the world’s first global currency built on the Internet and built on open platforms and standards such as Bitcoin, and I want to build a financial services institution on top of that. That’s what I’m doing with Circle.

I’ve been through a lot of moments when other people thought Bitcoin was going to implode, and in those instances, I generally have seen through inaccurate coverage of it.

Think of Bitcoin as a bank account in the cloud, and it’s completely decentralized: not the Swiss government, not the American government. It’s all the participants in the network enforcing.

My salary is converted to bitcoin, and taxes are taken out. You have to do all the tax computations in dollars because the IRS does not deal in bitcoins.

I’m interested in businesses that take digital bits and turn them into interfaces for physical atoms. I’m also interested in drones, Bitcoin, and 3D printing.

Digital assets, including bitcoin, could save small businesses substantial transaction fees and provide an added layer of security to their payment processing.

Every investor around the world wants to invest in U.S. markets because they’re regulated and they’re licensed. They’re trustworthy; they have confidence. If you take that away, the global economy will take a hit like nothing else. We want to create that for Bitcoin.

When the actual Bitcoin network launched in 2009, no one knew about it, and many of those who did thought it would surely fail. Just to make sure the thing worked, the scripting language in Bitcoin was intentionally extremely restrictive.

At the end of the day, what’s going to make bitcoin successful is more people making more interesting things, just like the beginning of the Internet.

While the traditional banks and credit card companies lock down access to their payments infrastructure to a handful of trusted parties, Bitcoin is open to all.

If you haven‘t used Bitcoin first-hand, you may not get the inherent advantage of a quicker appreciation and understanding of its potential. Seeing assets move swiftly without intermediaries is an eye opening experience, and that is just a starting point.

If you like gold, there are many reasons you should like Bitcoin.

In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.

Monero at a protocol level is very, very private and has that big advantage over bitcoin.

We can divide bitcoin people into two camps: one that goes along with the existing system and wants it to work complimentarily with the existing system, and then the other half is basically religiously opposed and wants to invent a libertarian, regulation-free world.

Bitcoin is great as a form of digital money, but its scripting language is too weak for any kind of serious advanced applications to be built on top.

Gemini is a spot bitcoin exchange. To use it, you sign up with Gemini.com and undergo the initial standard review process, similar to what you’d encounter at a traditional bank. Once you’re through, you can ACH or wire cash to the platform, then begin buying and selling bitcoin.

As more wealth and political power is amassed – as bitcoins rise in value – Congress and various lobbying groups will be influenced to an ever greater extent by the interests of Bitcoin owners who – in turn – will lobby to keep the Internet and Bitcoin alive and growing.

I believe that Bitcoin holds value as a form of ‘good money’ that is superior to any previously discovered or developed form of money.

That’s a term that I really like – ‘permissionless innovation’ – because anybody who has an idea and has a solution can tap into or can leverage the Bitcoin blockchain.

The emergence of open Internet protocols for value exchange, today led by the global adoption of Bitcoin’s blockchain, paves the way for value to move as freely as information and data move on the Internet today.

Bitcoin and the block chain enables a whole new way to incentivize and transact, so change the world with this new tool. Create and build! Surprise us with an idea we have never seen before.

Application-specific tokens, or app-tokens, are built on top of existing general-purpose blockchains like Bitcoin and Ethereum. For the first time, open-source project creators can directly monetize their open-source network.

Most people heard about Bitcoin for the first time in the context of the Mt. Gox collapse. It is our Lehman Brothers.

Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.

When we think of Gemini.com, it will be like a Nasdaq for bitcoin.

The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption.

Silicon Valley is a great place for Bitcoin, since everyone understands computers, and there are lots of libertarians running around.

A lot of people have, like, 95 percent of their wealth in bitcoin. Great for them, but I got to be smart.

Within the coming years, disrupting the Bitcoin network will become increasingly more difficult as Bitcoin wallet software and the protocol become more mature and resilient.

The events over the DAO hack might have spooked some people from ether to Bitcoin, helping with the rise in price, and now that ether is recovering a little, that movement is reversing the action.

Bitcoin is absolutely the Wild West of finance, and thank goodness. It represents a whole legion of adventurers and entrepreneurs, of risk takers, inventors, and problem solvers. It is the frontier. Huge amounts of wealth will be created and destroyed as this new landscape is mapped out.

Through bitcoin, the Argentines are developing an economy which doesn’t require the bankers.

The majority of companies using BitPay to accept bitcoin are small businesses that are benefitting from lower transaction fees, faster service, and increased security for fraudulent transactions.

Bitcoin’s revolution: an impossible-to-counterfeit digital store of value that can be used as money, that has no sovereign, or central bank involved, that can be sent anywhere instantly at virtually no cost, is irresistible. Anyone who uses it is converted.

Digital currency is now a misnomer for Bitcoin. It can be used as currency, but it can be used for many things.

Maybe bitcoin is a kind of a bubble. I don’t like it. I’m not comfortable with it. I’m kind of an old dog to be absorbing that kind of a new trick.

It’s really hard to argue that bitcoin doesn’t have many legitimate benefits to companies that are legal businesses when you have Dell and Expedia and all these companies now accepting it.

I care a great deal about what happens to Bitcoin.

You just can’t bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.

Most people hoard their money – just keep it in the bank. Bitcoin will really take off when people start spending it, creating a velocity of money.

For Bitcoin, if it becomes a thing, it will become an enormous thing. It will be world-changing. But if it’s nothing, it’s nothing. There is no in between.

Unlike Bitcoin or email, our financial institutions and payment systems today are proprietary. This limits the ability for consumers to easily switch between payment providers and creates less competition for services.

Bitcoin will experience many bubbles along its way to improving the lives of everyone on the planet. I’m not concerned with the short-term price fluctuations.

I just spent the last 8 months working on the second edition of ‘Mastering Bitcoin,’ and I couldn’t even scratch the surface of all the innovation that is happening in BTC.

Bitcoin is really a fascinating example of how human beings create value, and is not always rational… tt is not a rational currency in that case.

It’s completely reasonable, even if some Bitcoin currency purists wouldn’t like it, to have credit and debit card payments denominated in Bitcoin rather than dollars, and net settled on Bitcoin instead of on Fedwire.

Facebook is like the Internet: a large company and an application. Bitcoin is a protocol for decentralisation, so you could build a decentralised company on top of it, a stock market. It’s an Internet of ownership, so it’s not quite a direct comparison.

My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive – I have many questions about it.

Bitcoin’s success will guarantee Bitcoin’s success.

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

BitPay is the leading payment processor for bitcoin. The company specialize in setting up merchant accounts to accept bitcoin payments.

It is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin… They tell you there are rules and they can’t do it. Don’t believe them.

The big exchanges that hold customer deposits are a big target for hackers, and unfortunately, most bitcoin exchanges store user funds.

Bitcoin is inherently international, and one of its great promises is it enables cross-border payments in a more efficient way.

Some bitcoin users see the hard fork as in some ways violating their most fundamental values. I personally think these fundamental values, pushed to such extremes, are silly.

I think Bitcoin really feels empowering in a sense.

Something like bitcoin is really important because it is not correlated to the rest of the market.

I think, more than anything, Bitcoin presents an opportunity.

I don’t think it matters at all if the Bitcoin Foundation were to close.

I’m motivated by the positive ways in which Bitcoin use being widespread will make the world a better place.

The narrative behind bitcoin has been dominated by bad behavior. The reality is bitcoin is filled with tons of talented developers building infrastructure.

Every time you load a webpage is a HTTP request. That’s a lot of HTTP requests. If you are earning bitcoin on every HTTP request, that could be a lot of earned bitcoins.

Bitcoin represents the first major breakthrough in economics and finance since double-entry bookkeeping was invented in 1494, and activists need to embrace its power.

Once Wall Street starts putting money into Bitcoin – we’re talking about hundreds of millions, billions of dollars moving in – it’s going to have a pretty dramatic effect on the price.

As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of society, just like the Internet, companies and people will need to own Bitcoin to play on its rails.

I don’t want to be one of those rappers who had it, but right now they be on a TV show to keep them going. I would rather be out the scene, getting my money on Bitcoin.

We’re going to create digital wallets for our residents, and we’re going to give them Bitcoin directly from the yield of MiamiCoin.

The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms.

Some in the bitcoin community have always taken an anti-government, anti-fiat, anti-bank approach to their philosophy. Ripple takes the orthogonal side of each of those.

The hardest obstacles for Bitcoin companies are banking and regulation.

When you take a look at how the IRS treats foreign currency, bitcoin doesn’t have the same taxation regime. Foreign currency gains and losses generally are taxed as ordinary income.

Bitcoin has so much potential, and that’s why the believers are trying to facilitate its use as a currency, so people use to buy things and spread it around more.

The number of industries, communities, habits, traditions, and even interpersonal interactions that Bitcoin has the potential to revolutionize is massive.

The Internet’s proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.

For people who invest in bitcoin, the allure is precisely that: It’s not backed by a central government. So it’s not manipulatable by central government.

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.

Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0.

I follow Rick Falkvinge, who founded the Swedish Pirate party and was one of the very early adopters of Bitcoin.

The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase. It’s happened four times, and it will happen again.

Anybody who has enough information about what’s going on in the bitcoin world, you would not buy your bitcoins on Mt. Gox.

I view Bitcoin as the more democratic version of money and value transfer because no one controls it… I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is actually less safe than an Internet currency in my mind.

Bitcoin is two things which share a name. One, it’s a payment system, and two, it’s a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.

For a major publisher like Time Inc. to embrace Bitcoin sends an important message to both its readers and to the broader media community.

Somehow I wound up with the nickname ‘Bitcoin Jesus,’ so people expect me to know about everything everywhere.

Tokenization applies to scarce assets. Today, the most appropriate thing to tokenize is something that’s purely digital. Bitcoin and ethereum are the canonical.

Our basic thesis for bitcoin is that it is better than gold.

Bitcoin is probably the most fungible currency ever created.

We must continue to educate the masses and encourage savings in Bitcoin to truly drain the kleptocratic swamp ruling our financial system.

Whatever happens to bitcoin, other cryptocurrencies are gaining ground and more respect. Ethereum, for instance, has far more transparency.

The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won’t, but business will carry on regardless.

What’s really happening is that every bank in the country is experimenting with the blockchain and experimenting with bitcoin to figure out where the value is. For the first time ever, they’re working hand in hand with startups. Banks are asking startups for help to build products.

Our mission is to accelerate the development of a better financial system; it’s not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.

Bitcoin Cash was created by people who don’t approve of Segregated Witness.

We’re going to be the first city in America to give a Bitcoin yield as a dividend directly to its residents.

Bitcoin can be programmed, metered, and exchanged by connected devices, enabling more efficient usage of our planet‘s resources and services.

Bitcoin and cryptocurrencies, they had this resiliency.

With great ideas come great changes. Bitcoin’s that.

I don’t think it’s any sort of stretch of the imagination to say that, very, very realistically, each single bitcoin, if bitcoin becomes popular, will have to be worth at least tens of thousands of dollars.

Though I don’t personally believe that Bitcoin is true money, it should be perfectly legal, and there should be no restrictions on it; there should be no taxes on it.

The main idea with Brave is that you don’t have to think about Bitcoin; you just have this frictionless payment system.

Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.

Mt. Gox was a teachable moment for everyone in the Bitcoin community, and ShapeShift has innovated these problems out of the picture.

We dealt with a lot of skepticism early on, when we first spoke about bitcoin.

Within my social circle, there is a large group of people who will take bitcoin as legal tender; like, you can go to them and settle debts in Bitcoin, and they will happily take it.

Bitcoin’s got its issues. But it is not competing with perfection.

If you’re someone in the business of verifying transactions on a proprietary network, the invention of Bitcoin cannot be safely ignored. It will change or disrupt the providers of most proprietary payment networks in the coming years.

The ledger, the distributed database – it’s called a Blockchain – is held in the cloud by all the parties involved. It can’t be broken by any of them. It’s cryptographically too strong. You would have to compromise the entire network to take over Bitcoin.

Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon. If you pay for your ride with bitcoin, you’ll be using the first truly universal currency!

I want to make Miami the ‘capitol of capital‘ and that includes Bitcoin.

Bitcoin is amazingly transformative because it’s the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.

When you drill down, blockchains are really a shared version of reality everyone agrees on. So whether it’s a fully immersive VR experience, augmented reality, or even Bitcoin or Ethereum in the physical world as a shared ledger for our ‘real world,’ we’ll increasingly trust blockchains as our basis for reality.

The world is a global economy. I thought, ‘It’s a bummer we don’t have a unifying currency.’ Then I saw Bitcoin had already had a crash and had the resistance to recover. The community was strong enough to push it through again. That’s really exciting.

By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.

Bitcoin has the potential to destroy credit cards and banks as we know it. Maybe that is a good thing or a bad thing, but I like the idea that if someone needs to remit payments, they can do it without being gouged.

Bitcoin is one of the most viral concepts I’ve ever encountered.

Bitcoin as an asset class is brilliant, as a means of payment, fantastic.

It’s important not to think about Bitcoin as a replacement for cash or gold or something that works alongside that; it’s to think of it as programmable money. And we just cannot even imagine what that will be used for.

I trust bitcoin more than I trust my bank.

If bitcoin is more expensive or slower than traditional financial systems, people aren’t going to use it.

Calling bitcoin volatile – it’s a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That’s what unregulated assets do.

I think bitcoin and other cryptocurrencies are great ideas. They should be allowed to be traded freely and used freely to find their appropriate role in the economy.

I think examples of free market transactions between peaceful people using Bitcoin and the Internet, I think it’s a wonderful thing. It’s going to make the world a better place.

Cryptocurrencies like Bitcoin are already trustless – any machine can accept it from any other, securely. They are (nearly) free. They are global – no central bank required, and any machine can speak the language.

Applying criminal law to the exchange of bitcoin on behalf of ransomware victims would create a morally shocking result of re-victimizing a victim. All lawfully operating digital currency exchanges would thereafter refuse to exchange bitcoin for ransomware victims for fear of criminal culpability.

We are very excited about the use of blockchain, whether it’s Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as a global currency and, really more importantly, Bitcoin as a global financial rail.

Pretty uniformly, people want the benefits of bitcoin and the blockchain – near-instant transfers, globally available on any Internet-connected device, highly secure, and nearly-free value transfers.

When we announced that we were going to support Bitcoin companies, we became a great lightning rod for activity and fun.

We eat, sleep, breathe bitcoin.

One of the things that has plagued bitcoin is not bitcoin itself but the companies built on top of it.

People bought bitcoin because they thought it would be worth more tomorrow. And a lot of people got lucky. But we’re not seeing real people use bitcoin. And we don’t know what problem it solves. Now, blockchain, I think, is a genius advancement in technology.

With greater extensibility and programmability, bitcoin can evolve to enable transformations in how all forms of property are secured and exchanged, how voting and governance function, including spilling into the automation of commercial law, audit, and accounting.

I firmly believe that when and if Amazon and or Apple adopts bitcoin as a payment structure the dam will essentially break because at that point you’re talking about a very high volume of transactions being able to use bitcoin.

I think that the future of currency is digital, and Bitcoin has a good shot at being the currency of the future.

Success of bitcoin and the exchanges that deal in it could be interpreted by some to mean the demise of central banks, Wall Street, and the Washington insiders who trade on inside information and market manipulation.

That was the moment I wanted to use bitcoin: when I saw Harriet Tubman on a $20 bill. It’s like, when you see all the slave movies, it’s like, why you gotta keep reminding us about slavery? Why don’t you put Michael Jordan on a $20 bill?

Activists can improve their alternative media success by embracing alternative currencies like Bitcoin.

You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn around and spend them. It’s much better if the Bitcoin economy is a self-contained thing.

The bitcoin protocol is about mining bitcoin, not pricing bitcoin. There is nothing in the protocol about establishing a market price for bitcoin; you need a market for that, but what if all the exchange markets are shut down?

Ethereum exists because it enables developers to write smart contracts better than Bitcoin in the near-term. Zcash will exist because it will attempt to do privacy better than Bitcoin in the near-term, and the token gives you access to the anonymity protocol.