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Is Bitcoin a Modern Ponzi Scheme?

12 August 2024
in Altcoin
Reading Time: 2 mins read
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Let’s distinguish the details from the fiction.

The Dark Side
Picture generated by Writer by way of Leonardo.AI

For non-Medium members, click on right here to learn this story without cost!👌

Bitcoin has been round for over a decade now. Regardless of its spectacular observe file of:

sustaining the blockchain on-line since its inceptionundergoing 4 halvingsreceiving approval as an ETF by the SEC this yr (2024)and surviving at the least 5 important bear markets….

it nonetheless amazes me that some within the monetary trade proceed to label Bitcoin as a Ponzi scheme.

I see and listen to most of those statements come from people who’ve both:

by no means used Bitcoin of their lifelack the technical understanding of Bitcoin and the Blockchain community.have misplaced cash buying and selling or investing in Bitcoinhave been scammed by crypto-related schemes or….those that merely dismiss what they don’t perceive as a result of they’re unwilling to adapt to new expertise or methods of residing.

This isn’t to assert that I’m an professional on this material, however from my years…



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