1876: "This 'telephone' has too many shortcomings to be seriously considered as a means of communication." — William Orton, President of Western Union.

1932: "There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will." — Albert Einstein

1946: "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, 20th Century Fox.

1962: "We don't like their sound, and guitar music is on the way out." — Decca Recording Co. rejecting the Beatles.

1966: "Remote shopping, while entirely feasible, will flop.” — Time Magazine.

1968: "But what...is it good for?" — Engineer at the Advanced Computing Systems Division of IBM, commenting on the microchip.

1968: "With over 50 foreign cars already on sale here, the Japanese auto industry isn't likely to carve out a big slice of the U.S. market." — Business Week, August 2, 1968.

1977: "There is no reason anyone would want a computer in their home." — Ken Olson, president, chairman and founder of Digital Equipment Corp.

2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO.

2017: "Bitcoin is a fraud and will blow up. The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart". — Jamie Dimon, CEO of JPMorgan Chase & Co

Teacher1776:
Those quotes were made based on the realities of their times. It is really difficult for a man to predict the future.
Well regarding the one on bitcoin (the reason for your post anyway,) i think it is too early to suggest the quote was in error. After all you guys were the ones who said MMM was the only way out of poverty. BUT YOU WERE WRONG.