Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid”

Peter Schiff, a stockbroker and a well-known Bitcoin critic, argues that today’s Bitcoin demand isn’t from everyday users or broader adoption, but rather speculative buying by Bitcoin treasury companies and front-running investors. He labels this as a Ponzi scheme or “Ponzi built on a pyramid”, to quote his direct words. Schiff warns that the model may […] The post Peter Schiff Declares Bitcoin a “Ponzi Built on a Pyramid” appeared first on Coin Edition.