Andrew Ross Sorkin Quotes

In the aftermath of the oh-so-predictable crash, the Bitcoin fanatics have begun marshaling out excuse after excuse for why this non-investment investment lost so much of its value so fast. One was that hackers attacked some of the exchanges for Bitcoins and crippled it. Really? A hacker can wreck an entire market?

In January 2013, one could buy a Bitcoin for about $13. By late November, one Bitcoin would have set a buyer back over $1100.

Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.

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

I care a great deal about what happens to Bitcoin.

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

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

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

I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.

With Bitcoin hard-coded to be limited, it’s like a collectible.

A stockbroker urged me to buy a stock that would triple its value every year. I told him, 'At my age, I don't even buy green bananas.'

Bitcoins can be traded or used for purchases, but only with those sellers who will accept them. Because it is a system independent of external meddling, there can be no sudden devaluation of Bitcoins through the actions of governments.

Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices.

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

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

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.

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.

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

I get very worried that people that are buying bitcoins don't really understand what they're participating in other than the headline stories that it keeps going higher and 'I want to make sure I don't miss this opportunity to make some money.'

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

Just as it got easier to use email, it will be easier to use Bitcoin as people invest in it and become more familiar with it.

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

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

In the longterm for Bitcoin, Gox needed to go away.