Another quote to be added to these in a few years?:

Economist Robert Shiller thinks bitcoin is a fad, like bimetallism was in the 19th century.

"I think gold is a bubble, but it's always been a bubble," hedged Shiller. "It has some industrial uses, but it basically it's like a fad that's lasted thousands of years."

Famous Predictions

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe (the inventor of Ethernet)

"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." Robert Metcalfe (the inventor of Ethernet)

"The cinema is little more than a fad. It's canned drama. What audiences really want to see is flesh and blood on the stage." -- Charlie Chaplin 1916

"The horse is here to stay but the automobile is only a novelty - a fad." - The president of the Michigan Savings Bank advising Henry Ford's lawyer, Horace Rackham, not to invest in the Ford Motor Co., 1903

"This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us." - A memo at Western Union, 1878

"[Television] won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." - Darryl Zanuck, movie producer, 20th Century Fox, 1946.