The global cryptocurrency market was valued at nearly $5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.5% to 2030. The dynamic largely depends on the crypto adoption rate, which, on the other hand, relies on the growth of awareness among consumers.
Will crypto wipe out the existing fiat currency system?
For Bitcoin believers and hard-core HODL-ers, it is obvious crypto succeeds in the end. In a way, it's already happened, assuming that in 2010, one Bitcoin couldn't get you a slice of pizza, while now it can buy you a 50 percent stake in a pizza restaurant (well, at Mississippi rates rather than New York's, but still).
In the last decade, the crypto industry has been growing on steroids and successfully overcoming numerous crises. With more and more people recognizing that Bitcoin, Ethereum, and other currencies based on decentralized ledgers are a way to financial freedom, there is an increasing chance to overturn the dictatorship of government-issued fiat money.
Crypto quotes help build awareness of financial freedom
Still, a lot needs to be done to promote the awareness of decentralized finance, DLT technologies, and financial freedom. A neat way to advance this cause are cryptocurrency quotes: catchy thoughts and memorable opinions by the crypto community leaders as well as other famous people commenting on the digital assets industry.
Many crypto quotes convey the bullet points worth keeping in mind and provide the context to better appreciate the value of cryptocurrencies. Some of those opinions may seem far-fetched, others controversial, but all are thought-provoking. Many cryptocurrency quotes also carry historical value, chronicling the development of attitudes toward digital assets.
The most memorable and inspiring crypto quotes to read and share.
Below you can find a selection of the most notable crypto quotes with brief notes on their authors grouped by theme or intention.
Crypto quotes about the features and advantages of blockchain and cryptocurrency
"Cryptocurrency is such a powerful concept that it can almost overturn governments" – Charles Lee, a computer scientist, the creator of Litecoin, and the managing director of the Litecoin Foundation
"The blockchain technology has such a wide range of transformational use cases, from recreating the plumbing of Wall Street to creating financial sovereignty in the farthest regions of the world" – Perianne Boring, the founder and CEO of the Chamber of Digital Commerce, the world's largest trade association representing the blockchain industry
"The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value" – Don & Alex Tapscott, authors of "Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World"
"Blockchain technology isn't just a more efficient way to settle securities. It will fundamentally change market structures, and maybe even the architecture of the Internet itself." – Abigail Johnson, an American billionaire businesswoman, the chairwoman, CEO, and president of Fidelity Investments
"When decentralized blockchain protocols start displacing the centralized web services that dominate the current Internet, we'll start to see real internet-based sovereignty. The future Internet will be decentralized" – Olaf Carlson-Wee, the founder and CEO of Polychain Capital
"I'm much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated upfront. It makes online shopping a lot easier and a lot safer" – Erik Voorhees, serial entrepreneur, and investor, the founder of Shapeshift, one of the most popular cryptocurrency trading platforms
"Ethereum, or some other Cryptocurrency, is going to be the global standard of payment. It'll be of greater value than national fiat" – Richard Zimmerman, the president & CEO of Cedar Fair
"Crypto and NFTs are a path to financial independence, so it's important that women and girls know about them. When I first heard about blockchain, I didn't think it was for me. But I realized it can be an inclusive space for women and people of color. I think crypto has the power to radically advance women's rights" – Maliha Abidi, a Pakistani-American multidisciplinary artist and author living between London and Los Angeles
"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly" – Vitalik Buterin, a Russian-Canadian computer programmer, and founder of Ethereum
"The Latin American countries where you have this combination of inflation or hyperinflation cycles – deflation as well – and then you have very high friction for financial transactions, a high percentage of people who are unbanked, cryptocurrencies make total sense" – Fred Thiel, an American business executive and the current CEO of Thiel Advisors and Marathon Digital Holdings.
"I don't understand why anyone would not accept crypto for payments. It is easier, faster, and cheaper to integrate than traditional payment gateways. Less paperwork. And reaches a more diverse demographic and geography" – Changpeng Zhao, the co-founder and CEO of Binance, the world's largest cryptocurrency exchange
"Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip – blockchain, and crypto is the fourth" – Brock Pierce, an American entrepreneur, a blockchain pioneer, the chairman of the Bitcoin Foundation
"Cryptology represents the future of privacy [and] by implication [it] also represents the future of money and the future of banking and finance" – Orlin Grabbe, was an American economist and writer with contributions in the theory and practice of finance, personal freedom, and governmental abuse
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless" – Satoshi Nakamoto, an alleged creator of Bitcoin
Cryptocurrency quotes about Bitcoin
"Bitcoin is the modern-day eGold, a digital asset that is easily tradable and can be accessed from anywhere in the world" ― Arif Naseem, a cryptographer and blockchain developer, the founder of Alfalah Coin
"I do think Bitcoin is the first [encrypted money] that has the potential to do something like change the world" – Peter Thiel, a German-American billionaire entrepreneur and venture capitalist, a co-founder of PayPal, Palantir Technologies, and Founders Fund.
"I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions" – Hal Finney, was an American software developer and an early Bitcoin contributor; he received the first Bitcoin transaction from an alleged Bitcoin creator Satoshi Nakamoto
"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, a co-founder and CEO of Bloq, an ex-Bitcoin core developer
"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" – Erik Voorhees
"I love seeing new services constantly starting to accept Bitcoin. Bitcoin is really becoming 'the currency of the Internet.' I'm most concerned by possible government reactions to Bitcoin. They can't destroy Bitcoin, but they could really slow things down by making exchange much more difficult" – Michael Marquardt, an administrator on Bitcoin Talk
"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 transitions, all good things" – Peter Diamandis, an American marketer, engineer, physician, and entrepreneur
"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, a German-Finnish Internet entrepreneur and political activist.
"Bitcoin is here to stay. There would be a hacker uproar against anyone who attempted to take credit for the patent of cryptocurrency. And I wouldn't want to be on the receiving end of hacker fury" – Adam Draper, the CEO and Founder of Boost, a startup accelerator
"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, but the payment system is somewhat lacking. It's very hard to use, and that's the big challenge on the Bitcoin side." Peter Thiel
"Bitcoin is not a currency for a government; it is a global currency for the people" – Wences Casares, an Argentinian entrepreneur and businessman, the CEO of Xapo Bank
"Bitcoin is a technological tour de force" – Bill Gates, a co-founder of Microsoft
"People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too" – Richard Branson, the founder of Virgin Galactic
"Activists need to educate themselves about the power of cryptocurrencies like Bitcoin, invented in 2009, and use crypto to leverage the success of their independent media gains to tip the balance of power away from the troika in ways that could never happen by backing a political candidate" – Max Keiser, an American broadcaster and film maker
"Right now Bitcoin feels like the internet before the browser" – Wences Casares
Miscellaneous cryptocurrency quotes
"Investing in Crypto is like being married; you have to keep going through the good and the bad, for better or for worse, for richer or for poorer, TIL death do us part. HODL" – Najah Roberts, a motivational speaker, cryptocurrency educator, and entrepreneur
"We are seeing more managed money and, to an extent, institutional money entering the space. I know of many people who are working at hedge funds or other investment managers who are trading cryptocurrency personally. The question is, when do people start doing it with their firms and funds" – Olaf Carlson-Wee, the founder & CEO of Polychain Capital
"As the value goes up, heads start to swivel, and skeptics soften. Starting a new currency is easy. Anyone can do it. The trick is getting people to accept it because it is their use that gives the 'money' value" – Adam B. Levine, the CEO of Tokenly and the founder of Let's Talk Bitcoin
"Three eras of currencies: commodity based, government based, and math based" – Chris Dixon, an internet entrepreneur and investor, a general partner at the venture capital firm Andreessen Horowitz, and the co-founder and former CEO of Hunch
"Learning how cryptocurrency works is like learning a new language. It is incredibly difficult at the beginning, but once it clicks, it will stick with you forever" – Olawale Daniel, a leadership coach and a digital marketing expert
"My guess is that in 10-20 years, we'll see a substantial portion of GDP happening in the crypto economy" – Brian Armstrong, the CEO of cryptocurrency platform Coinbase
"We're going to incorporate crypto into everything we do moving forward. I'm not used to having the luxury of this arsenal and war chest behind me, but we're going to make it bigger so we can do more good work" ― Richard Zimmerman
"Women are gaining more and more space in the use of blockchain technologies and cryptocurrencies to take control of their finances and, consequently, their lives." – Valentina Drofa, a co-founder of Drofa Comms, a global PR agency representing leading finance and fintech firms
"The ability to create something which is not duplicable in the digital world has enormous value … Lots of people will build businesses on top of that." — Eric Schmidt, a business executive and software engineer, ex-CEO of Google
"I think… all of the best public cryptographers in the world would agree that you can't really build back doors in crypto. That it's like drilling a hole in the windshield" – Alex Stamos, a computer scientist and adjunct professor at Stanford University's Center for International Security and Cooperation, a former chief security officer at Facebook
"Every industry has actors, good and bad. Crypto is no exception. The best actors should be left to innovate, while the worst should be held to account" – Ritchie Torres, an American politician from New York, a member of the Democratic Party
"What I will say about crypto and NFTs, in general, is I really love the idea of creators owning their media and owning their content" ― Jack Conte, a musician and co-founder and CEO of Patreon
"Mobile was Internet 2.0. It changed everything. Crypto is Internet 3.0" – Gil Penchina, a business manager, former CEO of Wikia Inc., and an ex-vice president and general manager at eBay
"We have elected to put our money and faith in a mathematical framework that is free of politics and human error" – Tyler Winklevoss, an investor, founder of Winklevoss Capital Management and Gemini cryptocurrency exchange
"If crypto succeeds, it's not because it empowers better people. It's because it empowers better institutions" – Vitalik Buterin
"I am very excited about the prospect of using cryptocurrency, not just as a money equivalent, but using it as a way to earn something as a result of doing some type of work" – William Mougayar, author, speaker, and advisor on business and technology strategy, a general partner at Virtual Capital Ventures
"I find that oftentimes the most ironic and entertaining outcome is the most likely. And the most entertaining outcome would be Dogecoin becoming the global new earth currency" – Elon Musk, the founder, CEO, and chief engineer of SpaceX, the CEO and product architect of Tesla, the owner and CEO of Twitter
"The strongest version of the crypto industry is one that does have regulatory oversight" – Sam Bankman-Fried, an American entrepreneur, investor, alleged fraudster, and a former CEO of FTX
Crypto-skeptic and anti-crypto quotes
"I always tell people, please don't put more than 1-2% of your net worth in crypto." – Randi Zuckerberg, a businesswoman, former director of market development and spokesperson for Facebook, and Mark Zuckerberg's sister
"Cryptocurrency should never and will never replace government-issued fiat currently" – Hendrith Vanlon Smith Jr, a business executive and a banker
"Something like Bitcoin, it is a gambling token, and it doesn't have any intrinsic value. But that doesn't stop people from wanting to play the roulette wheel" – Warren Buffett, a business magnate and investor, the chairman and CEO of Berkshire Hathaway
"Correct, I never owned Bitcoin. I don't invest because I can see that it is a Ponzi, and investing in a Ponzi is a very stupid idea – no matter how much profit the investors THINK they have made" – Jorge Stolfi, a professor of computer science at the State University of Campinas
"The cryptocurrency community hasn't decided whether they want to be anarchist rebels or to replace the establishment" – Adi Shamir, an Israeli cryptographer, a co-inventor of the Rivest–Shamir–Adleman (RSA) algorithm
"Bitcoin, it just seems like a scam. I don't like it because it's another currency competing against the dollar" – Donald Trump, an ex-president of the United States
"Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem. In terms of value: zero" – Warren Buffet
"A lot of people in the crypto ecosystem claim that cryptos are an alternative to fiat money. Name one crypto that isn't fiat money" – Steve Hanke, a professor of applied economics at the Johns Hopkins University