Bitcoin: Addressing the Ponzi Scheme Characterization

Bitcoin: Addressing the Ponzi Scheme Characterization

Article - 35 mins

by Lyn Alden

| Bitcoin Basics | Monetary Policy | FUD |

Published January 1, 2021

One of the concerns I’ve seen aimed at Bitcoin is the claim that it’s a Ponzi scheme. The argument suggests that because the Bitcoin network is continually reliant on new people buying in, that eventually it will collapse in price as new buyers are exhausted.