Former British Prime Minister Boris Johnson criticised bitcoin, arguing it is worth less than Pokemon cards.
On March 14, Cointelegraph reported that in an op-ed for the Daily Mail, Johnson labelled bitcoin a "Ponzi scheme" and said it had less investment value than Pokemon cards, which have a long history and collectible value.
He cited a case in which an acquaintance was drawn into a bitcoin investment scam and lost 20,000 pounds, underscoring the risks of financial fraud.
The cryptocurrency industry pushed back immediately. Strategy co-founder Michael Saylor said bitcoin is an open network with no central operator or guaranteed returns, rebutting Johnson's claim. Pierre Rochard, CEO of Bitcoin Bond Company, criticised the British economy itself as a giant Ponzi scheme run on debt.
Chi-gyu Hwang
delight@d-today.co.kr