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FakeNoose

(37,930 posts)

6. It's the world's biggest Ponzi scheme

Reply to Norrrm (Reply #4)

Fri Apr 25, 2025, 01:07 PM

Apr 25

Link: https://www.investopedia.com/terms/p/ponzischeme.asp

The only reason the Bitcoin Ponzi hasn't collapsed already is that they keep finding more new investors.
Sooner or later it will collapse. They always do.

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Highlight:

Swiss National Bank chairman rebuffs bitcoin as reserve asset [View all] groundloop Apr 25 OP

According to Krugman Old Crank Apr 25 #1

If you can't convince a lot of people that bitcoin is a good investment... William Seger Apr 25 #2

So, we're back to 'The Spy Who Came in from the Cold' era wolfie001 Apr 25 #3

A volatile, unstable, wishful 'currency' with no assets or gov't support backing it. Norrrm Apr 25 #4

It's the world's biggest Ponzi scheme FakeNoose Apr 25 #6

In other news, Buggy whip manufacturers rebuff the automobile as a means of transportation hueymahl Apr 25 #5