Boris Johnson Calls Bitcoin a Ponzi Scheme, Sparks Crypto Backlash

TLDR: Boris Johnson labeled Bitcoin a Ponzi scheme in a March 13 Daily Mail opinion column. Michael Saylor argued Bitcoin lacks a central operator, a key requirement of Ponzi schemes. Social posts cited Bitcoin’s $1.42 trillion market cap and roughly $62 billion daily volume. Former Chancellor Kwasi Kwarteng said politicians often misunderstand Bitcoin’s fixed supply [...]

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