Boris Johnson, former UK prime minister, labels Bitcoin as a ‘Ponzi scheme’

Boris Johnson expressed skepticism towards Bitcoin, referring to it as a Ponzi scheme during a recent opinion piece. He shared a personal anecdote about a friend’s lost investment in BTC, contrasting it negatively with collectibles like Pokémon cards.

The Bitcoin community reacted strongly, refuting Johnson’s claims. Notable crypto figures, including Michael Saylor, highlighted Bitcoin’s decentralized characteristics, arguing that it distinguishes itself from traditional financial scams.

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