Former UK PM Johnson Calls BTC a Scam, Draws Criticism From Bitcoiners

Former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) in a Daily Mail opinion piece, calling it a “Ponzi Scheme” and suggesting Pokémon cards hold more lasting value. He recounted a friend’s experience losing £20,000 to a BTC-related scheme, highlighting the financial hardship it caused. Johnson argued that the enduring appeal and tradability of Pokémon cards demonstrate a more stable asset compared to BTC. This opinion drew swift criticism from prominent figures in the Bitcoin and crypto industry, including Michael Saylor, who explained Bitcoin’s decentralized nature and refuted the Ponzi scheme claim. Pierre Rochard further contended that the UK’s debt-based financial system resembles a Ponzi scheme. Cointelegraph emphasizes its commitment to independent journalism and encourages readers to verify information.

(Source：Cointelegraph)