| Date | Price | Percent Change |
|---|---|---|
| 31/01/2011 | 138,888,888 sats | -99.999 % |
| 01/01/2012 | 26,109,660 sats | -99.995 % |
| 01/01/2013 | 10,141,987 sats | -99.987 % |
| 05/01/2014 | 150,966 sats | -99.138 % |
| 04/01/2015 | 448,833 sats | -99.710 % |
| 03/01/2016 | 253,100 sats | -99.486 % |
| 01/01/2017 | 105,675 sats | -98.769 % |
| 07/01/2018 | 7,554 sats | -82.777 % |
| 06/01/2019 | 28,219 sats | -95.390 % |
| 05/01/2020 | 15,179 sats | -91.429 % |
| 03/01/2021 | 3,855 sats | -66.252 % |
| 02/01/2022 | 2,401 sats | -45.814 % |
| 01/01/2023 | 6,446 sats | -79.817 % |
| 07/01/2024 | 2,488 sats | -47.709 % |
"In more ways than one, Bitcoin is the evil spawn of the financial crisis. Lightning may strike me for saying this in the Tower of Basel – but Bitcoin was an extremely clever idea. Sadly, not every clever idea is a good idea. I believe that Agustín Carstens summed its manifold problems up well when he said that Bitcoin is 'a combination of a bubble, a Ponzi scheme and an environmental disaster.'"
Sources: CCN, Bitcoinist
"Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a euro — today, tomorrow, in a month — it's always a euro. And the ECB is behind the euro. Who is behind the cryptocurrencies? So they are very, very risky assets."
Sources: Cointelegraph, Yahoo Finance
"Bitcoin and other crypto-assets claim to need neither trust nor the backing of a sovereign. These self-proclaimed currencies, more accurately described as crypto-assets, have proved to be unfit for purpose, demonstrating that well-executed central bank policies are still the only sound basis for stability."
Source: BIS
"For those who had assumed that it might turn into a currency -- terribly sorry, but this is an asset and it's a highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money-laundering activity."
Sources: Bloomberg, The Globe and Mail, CoinDesk
"In our view it is wrong to describe bitcoin as a currency, because it does not fulfil the basic properties of money. It is a speculative asset without any recognisable fundamental value and is subject to massive price swings."
Source: ECB
"When you have difficulties to find out what are the real fundamentals of an investment, then what you're doing is not a real investment. This is an asset with very weak fundamentals, and that is going to be subject to a lot of volatility."
Sources: CoinDesk, Cointelegraph
"Crypto-assets are speculative assets that can cause major damage to society. They derive their value mainly from greed, they rely on the greed of others and the hope that the scheme continues unhindered. In fact, they are a gamble disguised as an investment asset."
Sources: BIS, Payments Cards & Mobile, Ledger Insights
"My very humble assessment is that it is worth nothing. It is based on nothing, there is no underlying assets to act as an anchor of safety."
"Crypto assets should be banned if they are too energy intensive. Investors have been caught in the textbook definition of a bubble, lured by the promise of ever-rising prices. Many cryptocurrencies are just a new way of gambling."
Sources: CoinDesk, Yahoo Finance UK
"I am confident that bitcoin will not enter the reserves of any of the central banks of the General Council... reserves have to be liquid, that reserves have to be secure, that they have to be safe, that they should not be plagued by the suspicion of money laundering."
Sources: Bloomberg, Cointelegraph