Is Bitcoin a Ponzi Scheme?
— Investment, Key pointsponzi schemes, Fully licensed, Broader crypto market — bitcoin, Single day, Stay, Easiest way, Highly speculative asset, Registered, Absolutely — 1 min read
Ponzi schemes are scams in which fraudsters use money from new investors to pay rewards to existing ones, without ever generating any revenue. Bitcoin is a high-risk investment, but it has many traits that do not chime with being a scam. The SEC says, "Ponzi scheme typically involve involve investments that are not registered with the SEC or state regulators" Bitcoin is still a relatively new and unregulated asset class and there is a lot of uncertainty about what will happen next. It isn't uncommon for Bitcoin to gain or lose 20% in a single day. To level this accusation at Bitcoin would be the same as calling the dollar a Ponza scheme because some scammers use it as a form of payment. The most famous crypto Source