- Boris Johnson described Bitcoin as a “giant Ponzi” in a Daily Mail column.
- The crypto community was quick to bite back.
- Crypto critics have long compared digital assets to a Ponzi scheme.
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.
Bitcoin is not a Ponzi scheme. A Ponzi requires a central operator…
