Michael Saylor has responded sharply after former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) and suggested that it resembles a Ponzi scheme.

Former UK Prime Minister Boris Johnson criticizes Bitcoin

Johnson described a conversation with a church acquaintance who lost money after being lured into a supposed crypto investment opportunity. According to Johnson, the man initially handed over £500 to someone who promised to double his money through Bitcoin.

“After three and a half years of muddle… he was down £20,000,” Johnson wrote in a report. He also described how the individual paid repeated fees in an attempt to recover the funds. The former prime minister used the story to question…