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Boris Johnson slams bitcoin as 'Ponzi scheme'

Former British Prime Minister Boris Johnson criticised bitcoin, calling it a "Ponzi scheme" and saying it has less investment value than Pokemon cards with long histories and collectible appeal. He cited a case in which an acquaintance was drawn into a bitcoin investment scam and lost 20,000 pounds, highlighting the risks of financial fraud. The crypto industry pushed back, including comments from Strategy co-founder Michael Saylor and Bitcoin Bond Company CEO Pierre Rochard.