Boris Johnson Labels Bitcoin a Ponzi While World Bank and Academic Findings Say Otherwise

Former UK Prime Minister Boris Johnson recently wrote in The Daily Mail that he had long feared Bitcoin was a Ponzi scheme and now believes those fears are confirmed. He argued that BTC lacks intrinsic value, relies on the "greater fool" dynamic, and depends on new investors, even suggesting collectibles like Pokémon cards could be superior investments. However, investigations and economists have concluded that Bitcoin does not fit the formal definition of a Ponzi scheme, emphasizing the absence of a central operator and guaranteed returns.