Crypto ‘The Biggest Ponzi Scheme In Human History’—China Blockchain Execs Back Bill Gates And Warren Buffett After Huge Bitcoin Price Crash
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Bitcoin BTC and cryptocurrency have seen more than $2 trillion wiped from the combined crypto market capitalization in just six months due to a devastating crypto crash that some fear could just be getting started. Some expect the crypto crash to reveal the world's future technology giants. China's state-backed service network has branded bitcoin and cryptocurrency "the biggest Ponzi scheme in human history" Bill Gates and Warren Buffett have both been vocal in their opposition to cryptocurrencies, according to state-sponsored China newspaper the People's Daily last month. In September, China's central bank declared all bitcoin and crypto transactions illegal, promising to take action against anyone facilitating crypto transactions and warning offshore exchanges away from China. In recent years, China has begun the rollout of a digital yuan central Source