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‘Bitcoin Is Nothing But A Ponzi Scheme’ – CAPX | $57,806.57

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I am pretty sure Bitcoin and cryptocurrencies will continue to surprise us all, and that the greater fool is still to be found just around the corner. Cryptos have thrived because social media, the internet and connectivity have made it easy to disseminate the con around the global markets at incredible speed. They’ve succeeded because regulators haven’t stopped them – hat-tip to the Chinese for being ahead of the regulatory pack in that regard.

Someday, the last greater fool will want his money back, and regulators will be exposed for not acting earlier.

Eulogy made by Bill Blain

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2 comments on “‘Bitcoin Is Nothing But A Ponzi Scheme’ – CAPX | $57,806.57”

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  1. You are the fool, sir, since it’s obvious you don’t know what or how a Ponzi scheme works. And more the fool, sir, believing national currencies aren’t.

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