The crypto community bit back at Boris Johnson after the ex-British Prime Minister wrote a column calling Bitcoin a Ponzi scheme.

Strategy co-founder Michael Saylor, Tether CEO Paolo Ardoino, and even legendary Bitcoiner Adam Back all responded to Johnson’s article, “I’ve long suspected Bitcoin is a giant Ponzi scheme and now I’m hearing tales of woe that make me fear I’m right.”

“Bitcoin is not a Ponzi scheme,” wrote Bitcoin treasury pioneer Saylor on X on Friday.

“A Ponzi requires a central operator promising returns and paying early investors with funds from later ones.”

The responses came after Johnson posted his Daily Mail column on X where he warned would-be investors about putting their money in…