Bitcoin broke through 110,000 USD to set a new historical high, whose face was hurt?

Original | Odaily Daily Report

Author | Golem

This week, the price of bitcoin broke through $110,000 and hit an all-time high again, reaching a maximum of $111963. Today, Bitcoin has a market capitalization of $2.2 trillion, surpassing Amazon to rank 5th in the world. The new high also means that since its inception in 2008, as long as users have held Bitcoin, Bitcoin has not lost anyone in price. Strategy, which has been buying and holding bitcoin for a long time, currently has a floating profit of more than $23 billion in bitcoin holdings, and its executive chairman, Michael Saylor, also proudly said, "If you don't buy bitcoin at all-time highs, you're missing out." ”

However, looking back at the glorious journey of Bitcoin, there are many celebrities and figures who are prejudiced and believe that Bitcoin is worthless, and now Bitcoin has once again slapped these people in the face with its price. Odaily will compile a collection of these face-slapping remarks in this article, which can also be considered a "meal of reminiscence" for Bitcoin enthusiasts.

"Stock God" Buffett: Bitcoin is "mouse poison squared", there will be no good outcome

Warren Buffett is recognized as the "Oracle of Omaha" in the investment world, and even in the crypto space, there are investors who believe in and practice his investment philosophy. However, over the years, Buffett himself has maintained a negative attitude towards Bitcoin that has never changed.

In 2013, when Bitcoin was only over $100, Buffett stated that Bitcoin was rat poison. At the Berkshire Hathaway shareholder meeting held in May 2018, when a CNBC reporter asked again, "Bitcoin has risen from over $100 to over $9,000, what do you think of this?" Buffett replied, "It might be rat poison squared."

At the Berkshire Hathaway shareholder meeting in May 2019, Buffett once again expressed negative views on Bitcoin, stating, "It's a gambling thing, and there's a lot of fraud associated with it. Bitcoin doesn't produce any value. It's like shells or something, not an investment for me."

What will happen if I invest in Bitcoin?

At this year's Berkshire Hathaway shareholders meeting, no one is asking Buffett about his views on Bitcoin anymore, perhaps because people believe the answer won't differ from previous ones. Meanwhile, Buffett announced that he will retire at the end of the year and will hand over 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 been steadily increasing, as shown in the figure below.

The disclosed reserves of cash and cash equivalents at the end of 2018 were US$111.86 billion, and the disclosed reserves of cash and cash equivalents in Q1 2025 were US$350 billion. It can be seen that Berkshire Hathaway is not optimistic about the global economic situation in recent years and prefers to hold cash. But what happens if you invest a portion of your reserves in Bitcoin?

Bitcoin peaked at about $14,000 in 2018, and if Berkshire Hathaway had held Bitcoin with 1% (about $1.1 billion) of cash reserves at the time, the investment would now be worth more than $8.6 billion. If you continue to invest 1% of your cash and cash equivalents reserves in Bitcoin every year, the returns will be even more impressive.

"Slap in the face" Trump: Bitcoin is a scam, and I wouldn't be surprised if it falls below $6000.

Who would have thought that today’s "crypto president" Trump was once an opponent of Bitcoin? In 2019, during his first term as president of the United States, Trump tweeted that "I am not a fan of Bitcoin and other Cryptocurrencies, they are not money, and their value is very volatile, and they are based on thin air. Unregulated crypto assets can facilitate illegal behavior, including drug trafficking and other illegal activities."

On June 7, 2021, during an interview with Stuart Varney on Fox Business, crypto president Trump stated, "Bitcoin is a scam, and I wouldn't be surprised if it drops below $6,000." He expressed that his dislike for Bitcoin stems from its competition with the dollar. Trump also mentioned that the world's currency should be the dollar, and we should not have Bitcoin.

To err is human, to correct it is a virtue

Trump's stance on Bitcoin can be divided into three stages: strong criticism (2019), continued questioning after leaving office (2021), and active support while in office (2025). Although it is well known that politicians are like ancient foxes, their positions change with interests; there are no eternal enemies or friends, only eternal interests.

During the 2024 presidential election, crypto enthusiasts have become a political force in the United States that cannot be ignored. Trump changed his stance on crypto to attract votes, attending crypto conferences and frequently flattering Bitcoin and cryptocurrencies in public. After successfully becoming president, Trump's interest group recognized the huge profit potential in the crypto industry, finding it more lucrative than their traditional real estate business. Consequently, the group established the crypto project World Liberty Financial, issued the Meme coin TRUMP, and launched the stablecoin USD1, turning the crypto industry into a family ATM.

But it is also undeniable that Trump's shift in attitude towards Bitcoin and the cryptocurrency 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: We shouldn't expect Bitcoin to rise, I'm willing to short it.

Bill Gates, a prominent figure in Web2, has consistently held a negative view on Bitcoin. In a 2018 interview with CNBC, he stated, "As an asset class, it doesn’t produce anything, so you shouldn’t expect it to rise. It’s purely an investment based on the 'greater fool theory'; if there were an easy way to short it, I would."

However, in 2021, Bill Gates changed his stance on Bitcoin and took a neutral attitude towards it.

However, during the NFT boom in June 2022, Bill Gates stated again at the TechCrunch live event that "NFTs are 100% based on the greater fool theory." This poured cold water on the crypto enthusiasm 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 cryptocurrency is merely determined by how much others are willing to pay for it, thus it does not add value to society like other investments do." It is evident that his hostility towards cryptocurrency has not changed much.

JPMorgan CEO: Bitcoin has no value; people have the right to smoke, but that doesn't mean it's beneficial.

JPMorgan CEO Jamie Dimon has been an "opponent" of Bitcoin for many years. As early as 2014, Dimon expressed his stance on Bitcoin, stating that "Bitcoin is a terrible store of value, and this cryptocurrency can be replicated repeatedly; here is an overview of Jamie Dimon's negative comments on Bitcoin over the years:"

• 2014: "A terrible way to store value"
• 2015: "Will not survive" "Will be stopped"
• 2016: "No Way Out"
• 2017: "Fraud"
• 2018: "Not concerned at all"
• 2019: Launched 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 also compared trading Bitcoin to smoking, saying that while people may have the right to smoke, it does not mean that smoking is a good idea.

Forced to sell "cigarettes"

However, although Jamie Dimon himself has not spoken positively about Bitcoin, JPMorgan still exhibited a "true fragrance" behavior. On May 19, 2025, Jamie Dimon stated that, while he is not a "fan" of Bitcoin, he will allow clients to buy Bitcoin, but will not provide custody services for it.

In fact, as early as 2021, Jamie Dimon expressed a similar view: investors are advised to stay away from Bitcoin, but if Bitcoin is more regulated, JPMorgan Chase can provide customers with Bitcoin-related services. He cites marijuana as an example, saying it can be traced back to how a person should run a business. "I don't smoke marijuana, but if you make it legal across the U.S., I'm not going to stop our people from putting it up and stuff like that. I'm not going to tell people how to spend their money, regardless of what I personally think about people might buy some items with their own money. ”

There is no doubt that Jamie Dimon is not a smart investor, but he is a qualified businessman.

BlackRock CEO: Bitcoin is a money laundering indicator

Larry Fink, the CEO of BlackRock, first expressed his views on Bitcoin in October 2017, stating that "cryptocurrency proves how much money laundering is going on around the world." 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 has no value."

How much is human freedom worth?

However, the BlackRock CEO changed his mind about Bitcoin in 2023, calling it like digital gold on the Fox Business show in July 2023. In March 2024, when asked by a CNBC reporter "How much do you think Bitcoin is worth?" Larry Fink replied, "How much is human freedom worth?" ”。 Larry Fink is worthy of being a battle-hardened Old Money, directly inflating the value of Bitcoin to the point of being priceless.

Larry Fink also openly stated, "I used to be a skeptic, and I take pride in that. But after my research, I realized that my views from five years ago were wrong. I believe Bitcoin is legitimate, and it can provide returns that are uncorrelated with traditional assets."

In March 2025, Larry Fink stated that the price of Bitcoin is expected to rise to between $500,000 and $700,000.

Jack Ma: Blockchain is not a bubble, but Bitcoin is.

Chinese entrepreneur Jack Ma's stance on Bitcoin is not particularly positive. In November 2017, Jack Ma stated at an event: "I have no great interest in Bitcoin. We have a team researching blockchain, but Bitcoin is not something I want to pursue; we do not 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 level of confidence in the application of blockchain technology, but he maintains a cautious and negative attitude towards specific cryptocurrencies such as Bitcoin.

Lang Xianping: If you give me Bitcoin, I won't accept it.

Independent economic commentator and former host of "Caijing Liangyan," Lang Xianping, stated in the 2014 Guangdong TV show "Caijing Liangyan," "If you give me Bitcoin, I won’t want it. To me, this thing has no meaning and no value." Thus, a classic meme appeared.

! [Bitcoin broke $110,000 to hit an all-time high, whose face hurt?] ](https://img.gateio.im/social/moments-6df2a2efe6720aea1c90d55f7df1ffd9)

Four years later, in January 2018, in the media's special report on Lang Xianping, he once again strengthened his position, regarded Bitcoin as a "phantom" and a "speculative bubble", and cited Warren Buffett's view of "staying away from Bitcoin" to warn of risks.

Summary: Bitcoin is the religion of the new era.

Bitcoin's code, which began in 2008, has gone through many years of ups and downs before finally announcing its immortality to the world again this week with a new price high. Those staunch opponents who use skepticism as a sail can only retract in the face of the rally. Every new high of Bitcoin is a gentle mockery of the "bubble theory" and "zero theory" - price is truth, and numbers are faith.

Perhaps Bitcoin is the religion of today's new age. It does not have a church, but it lights the hearts of believers among the global nodes; It has no scriptures, but an immutable canon written on the blockchain. For staunch Bitcoin opponents, no matter how high the price is, no matter how strong the consensus is, it may not be able to change the mustard in their hearts, but "a generation will always get old, but there will always be people who are young", and the ranks of Bitcoin believers will only grow stronger and stronger in the future.