Boris Johnson calls Bitcoin a Ponzi scheme, citing reliance on new investors entering the market. Michael Saylor and Eric Trump reject the claim, describing Bitcoin as a decentralized network. Online investors debate Bitcoin’s structure, with some comparing it to pyramid or “greater fool” schemes. Bitcoin has become the center of renewed debate after former United Kingdom Prime Minister Boris Johnson described the cryptocurrency sector as a “giant Ponzi scheme” in a recent column . The remarks drew responses from Strategy executive chairman Michael Saylor and Eric Trump, who rejected the characterization. In the report, Johnson argued that Bitcoin’s value depends largely on new investors continuing to buy into the market. He wrote that cryptocurrencies appear to function similarly to Ponzi schemes because their prices rely on a steady flow of new partici… Read The Full Article Boris Johnson Calls Bitcoin a “Giant Ponzi Scheme,” Sparks Debate On Coin Edition .