Author: James Wilson

Summary Boris Johnson called Bitcoin a potential Ponzi scheme after recounting a friend losing £20,000 in a crypto-related scam. Michael Saylor responded that Bitcoin cannot be a Ponzi because it has “no issuer, no promoter, and no guaranteed return.” The exchange highlights ongoing debate over Bitcoin’s structure, with critics questioning its value and supporters pointing to its decentralized design created by Satoshi Nakamoto. Michael Saylor has responded sharply after former UK Prime Minister Boris Johnson criticized Bitcoin (BTC) and suggested that it resembles a Ponzi scheme. Former UK Prime Minister Boris Johnson criticizes Bitcoin Johnson described a conversation with a…