“If you buy something like Bitcoin or some cryptocurrency, you don’t have anything that is producing anything. You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.” – One of Warren Buffett’s characteristically negative cryptocurrency quotes
In 2010, a Florida man paid 10,000 Bitcoins for two pizzas from a local delivery joint. As of mid-September, 2021, those pizzas would cost the equivalent of $4.8 billion. That’s roughly the gross domestic product of Montenegro.
Yikes.
The establishment still looks down on cryptocurrency as some sort of goofy novelty that will eventually run its course. They might point out that some unseemly people helped to give crypto its start, or that its technology makes it inaccessible to many investors. (We don’t doubt that Buffett’s disdain for crypto stems at least in part from his advanced age. Anyone who has tried teaching a nonagenarian how to use a remote control would rather jump off a cliff than explain blockchain to one. They’d probably land next to the body of the guy who dropped 10,000 Bitcoins on pizza.)
In many talking heads’ books, the biggest strike against crypto is that it’s not backed by any government. But from a philosophical standpoint, this is in fact crypto’s greatest strength. What business has a government really got when it comes to your wealth? Outside of taxing it, that is, a goal which the U.S. government is currently fixing its beady eyes on. What you buy and sell should really be none of Senator Bedfellow’s concern – he only sticks his nose into your money so he can forcibly redistribute it to himself and his constituents.
For all its blessings, crypto is not for the weak of heart. If the average schlub lost 30% of his portfolio in a single day, he too would join the pizza guy’s cliffside cadaver. But fortune favors the bold, and in crypto’s case so does time. Tuck a little more of your dough into crypto every day, and soon you might be able to afford whatever Buffett rides around town in. (And I’m not talking about a hearse).
Best Cryptocurrency Quotes
“Who is John Galt? Bitcoin is John Galt.” – Pietros Maneos“The same people who thought Bitcoin at $100 was expensive, now think it is fairly valued at $30,000.” – J.R. Rim“Cryptocurrency is absolutely here to stay. If you can’t see that at this point, it’s time to learn more about it.” – Joel McLeod“The divine line “Bitcoin/Cryptocurrency is for criminals” is a cunning defensive strategy created by so called traditional financial services sector.” – Mohith Agadi“An intelligent investor sees an opportunity in dip than risk.” – Mohith Agadi“Cryptocurrency is freedom, Banking is slavery” – Arif Naseem“Those who believe in Bitcoin also believe in cleverness.” – Arif Naseem“By 2030, some form of Crypto will become the global reserve currency but it will not be based on what exists today. Existing cryptos need to transform or will disappear. Also around 2030 or so, the first Nobel Prize in Economics will be awarded to a Cryptoeconomist.” – Tom Golway“Bitcoin is the most stellar and most useful system of mutual trust ever devised.” – Santosh Kalwar“Currency is like God, it exists as long as people believe in it.” – Abhijit Naskar“Bitcoin is the biggest opportunity set we can think of over the next decade.” – Bob Garfield“Fiat dominated banks refusing to work with cryptocurrency are like bookstores refusing to work with the internet. Only time will tell.” – Olawale Daniel“The banker has unlimited supply of fiat to buy limited supply of commodities.” – Gun Gun Febrianza“Bitcoin has no physical form – it technically exists online as a complete digital asset. If you do see it, it is in the form of lines of code in an alphanumeric string. But the bottom line is, it is a store of value void of manipulation by government.” – Olawale Daniel“We have elected to put our money and faith in a mathematical framework that is free of politics.” – Tyler Winklevoss“At this crucial time, telling someone about Bitcoin is not financial advice by all factors. It is life advice.” – Olawale Daniel“Cryptocurrency mark the era to the end of money counterfeiting.” – Gun Gun Febrianza”“In cryptocurrency investment, long term thinkers are less stressed.” – Olawale Daniel“If you like gold, there are many reasons you should like Bitcoin.” – Cameron Winklevoss“The government wants to fool its people by doubling the minimum wage but at the same time printing more than enough money into circulation. We can’t solve problems by creating more problems for generations to come which is why Bitcoin and some other decentralized finance applications powered by blockchain technology looks to be our only hope of creating a better future.” – Olawale Daniel“Only smart people understand Bitcoin and Ethereum, and that’s why most of the people in the world don’t understand it, thus not involved in it.” – Olawale Daniel“Right now Bitcoin feels like the internet before the browser.” – Wences Casares“Bitcoin cannot be acquired for free, neither is it too costly to acquire today, which is precisely why it is setting humanity free.” – Olawale Daniel“Blockchain is the tech. Bitcoin is merely the first manifestation of its potential.” – Marc Kenigsberg“Bitcoin is a digital gold – it is harder, stronger, faster and smarter than any money that has preceded it.” – Olawale Daniel“Bitcoin is starting to resonate with the world. If you can pay attention, you can feel it.” – Tyler Winklevoss“Bitcoin is rapidly becoming the global reserve cryptocurrency just like the dollar is to fiat currency.” – Olawale Daniel“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“Bitcoin is the most advanced form of money ever created.” –Saifedean Ammous“Bitcoin and the ideas behind it will be a disruptor to the traditional notions of currency. In the end, the currency will be better for it.” – Edmund C. Moy“Any time a country transitioned to a fiat currency, they collapsed. That’s just world history; you don’t have to know about crypto currency to know that.” – Nipsey Hussle“Bitcoin was created to serve a highly political intent, a free and uncensored network where all can participate with equal access.” – Amir Taaki“The relative success of the Bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.” – Arnon Grunberg“Blockchain technology could change our world more than people imagine.” – Jack Ma“By allowing code to run the monetary protocol, this removes political bias, agenda pushing, or pursuits of personal gain at the expense of other participants in the network. For the first time ever, we have money that is ruled by rules, not by rulers.” – Unknown
No more cryptocurrency quotes for today – I have to go trade some Dogecoin and Garlicoin for an even more stupidly named coin. Just one more thought before I go. From the regular Joe’s standpoint, the primary shortcoming with cryptocurrency is that he can’t throw it down a wishing well. But if you were smart and bought crypto at the right time, there would be very little that a wishing well could actually do for you.
Look, let’s be honest: DeFi – and crypto in general – can be confusing. Really confusing. The nomenclature is weird. It’s either a bunch of very high IQ people talking like 4th graders. Or it can seem so technically daunting that it’s hard to figure out what’s legit vs. what’s a scam.
Who is Ayn Rand? Born to a middle class Russian-Jewish family in 1905, Rand was treated to a front row seat to the wonders of communism in action. Rand fled with her family to the Crimea following the “liberation” of her father’s pharmacy but ultimately returned to Saint Petersburg where she could attend university when she wasn’t busy starving. Due to her life experiences, Ayn Rand quotes are some of the most thought-provoking in the world.
Atlas Shrugged is Ayn Rand’s great treatise on Objectivism, individualism, and reason. Don’t have time to read it? Check out the best Atlas Shrugged quotes here.
The Libertarian vs. Liberal debate is confusing for some, but once you understand it, it’s clear as day. While both of these political thought processes have some areas that overlap, you’ll soon understand the fundamental differences between the history, modernization, and 20th century belief systems behind them.
