The post Bitcoin Debate Reignites After Boris Johnson Calls It a Ponzi Scheme appeared on BitcoinEthereumNews.com.

Bitcoin Bitcoin has once again become the center of a heated political debate after former United Kingdom Prime Minister Boris Johnson described the cryptocurrency as a “Ponzi scheme” in a recent opinion article. Key Takeaways Former UK Prime Minister Boris Johnson called Bitcoin a “Ponzi scheme” in a Daily Mail opinion article. Johnson argued that Pokémon cards may have more tangible value and tradability than Bitcoin. The article was based on a story of an individual who lost money in an alleged Bitcoin investment scam. The comments triggered widespread backlash from the crypto industry and Bitcoin supporters. Industry leaders pointed to Bitcoin’s fixed supply and decentralized design as evidence against the Ponzi claim. Johnson argued that Bitcoin has less intrinsic value than collectible items such as Pokémon trading cards, reigniting a long-running discussion about the legitimacy and economic role of digital assets. I’ve long suspected Bitcoin is a giant Ponzi scheme and now I’m hearing tales of woe that make me fear I’m right.https://t.co/rTny2NBaYB — Boris Johnson (@BorisJohnson) March 13, 2026 The comments quickly spread across the crypto community and financial media, prompting strong reactions from industry leaders, investors, and analysts who pushed back against Johnson’s characterization of the world’s largest cryptocurrency. Johnson’s Criticism Targets Bitcoin’s Value Proposition In his opinion piece, Johnson framed Bitcoin as an example of speculative hype rather than a legitimate financial innovation.He began by recounting a story involving a friend who invested £500 (approximately $660) with an individual who promised to double the money through Bitcoin investments. According to Johnson, the investor continued to pay additional fees to the promoter over a period of three and a half years, eventually investing £20,000 (around $26,000) in total. Despite the payments, the individual was never able to retrieve the funds. Johnson described the situation as financially devastating…

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Filed under: News - @ March 15, 2026 10:16 am