Summary
- Former UK Prime Minister Boris Johnson said he has raised suspicions that Bitcoin could be a Ponzi scheme.
- Johnson said Bitcoin has no intrinsic value and relies on the greater fool theory and an inflow of investors.
- In response, CEO Michael Saylor said Bitcoin is an open network with no central operator and no guaranteed-return structure, adding that labeling it a Ponzi scheme deserves criticism.
Forecast Trend Report by Period
Former UK Prime Minister Boris Johnson has raised suspicions that Bitcoin (BTC) could be a Ponzi scheme.
According to ZCrypto on the 14th (KST), Johnson wrote in a Daily Mail op-ed that “for a long time I have suspected that Bitcoin could be a Ponzi scheme,” adding that “it now seems that those fears have turned out to be true.” He went on to argue that “Bitcoin has no intrinsic value, relies on the ‘greater fool theory,’ and is structured to depend on the inflow of new investors.”
After Johnson’s remarks were shared, rebuttals followed on X (formerly Twitter). Michael Saylor, CEO of Strategy, said, “Bitcoin is an open network with no central operator and no mechanism that guarantees returns,” criticizing the claim as “an argument that fails to properly understand Bitcoin’s structure and principles.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Analysis] "War shock... USDC demand surges in the UAE"](https://media.bloomingbit.io/PROD/news/4553982d-663d-4a42-924b-148fdce15f54.webp?w=250)
