Former UK Prime Minister Calls Bitcoin A ‘Giant Ponzi Scheme’, Strategy’s Saylor Replies

Bitcoinist03-15 09:00

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Former Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin ...

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Ad Disclosure\n\nFormer Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin ...</p>\n\n<a href=\"https://bitcoinist.com/former-uk-prime-minister-calls-bitcoin-ponzi-scheme/\">Source Link</a>\n\n</div>\n","source":"bitcoinist_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former UK Prime Minister Calls Bitcoin A ‘Giant Ponzi Scheme’, Strategy’s Saylor Replies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer UK Prime Minister Calls Bitcoin A ‘Giant Ponzi Scheme’, Strategy’s Saylor Replies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-15 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://bitcoinist.com/former-uk-prime-minister-calls-bitcoin-ponzi-scheme/><strong>Bitcoinist</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nFormer Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin ...</p>\n\n<a href=\"https://bitcoinist.com/former-uk-prime-minister-calls-bitcoin-ponzi-scheme/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITX","symbol_name":"2倍比特币期货ETF-Volatility Shares","start_time":0,"source_url":"https://bitcoinist.com/former-uk-prime-minister-calls-bitcoin-ponzi-scheme/","article_id":"2619054691","we_media_id":null,"thumbnails":["https://bitcoinist.com/wp-content/uploads/2026/03/129027493_596854e8ccc849f0b7f11ca5d6518b6ee611efad.jpg?resize=350%2C250"],"rights":{"source":"bitcoinist_highlight","url":"https://bitcoinist.com/former-uk-prime-minister-calls-bitcoin-ponzi-scheme/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2619054691","pubTimestamp":1773536439,"columns":[],"sourceInfo":{"source_id":"bitcoinist_highlight","name":"Bitcoinst"},"weMediaInfo":null,"summary":"Former Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin is a \"giant Ponzi...","collect":0,"end_time":0,"defaultTopTitle":"bitcoinist.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITX":"2倍比特币期货ETF-Volatility Shares","BITO":"比特币期货ETF-ProShares","BTC":"Grayscale Bitcoin Mini Trust"},"translate_title":"Strategy的塞勒回答说，英国前首相评级·比特币是一个“巨大的庞氏骗局”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITX":0.6,"BITO":0.6,"BTC":0.6},"content_text":"Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure\n\nFormer Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin is a “giant Ponzi scheme,” with the latest stories around the cryptocurrency appearing to prove him right.\nFormer Prime Minister Johnson Calls Pokémon Cards A Better Bet Than BTC \nIn a March 13 Daily Mail column, former UK Prime Minister Boris Johnson shared his thoughts about Bitcoin, the world’s largest cryptocurrency by market capitalization. According to the former political leader, Bitcoin and other crypto assets are a Ponzi scheme because they lack intrinsic value and sufficient real-world uses.\n\n\n\n\n\n\nJohnson argued that Bitcoin relies on the “greater fool” theory and is sustained by the collective belief that endless new buyers will emerge. Sharing the story of an aggrieved local investor, the former UK leader warned that ordinary people are increasingly falling victim to crypto-related fraud.\nRelated Reading: HSBC, Standard Chartered To Receive First Stablecoin Licenses In Hong Kong – Report\nJohnson compared the flagship cryptocurrency to traditional stores of value, such as gold and fiat currency, while claiming that Pokémon cards are a safer long-term bet than the world’s largest cryptocurrency. While noting the historic allure of gold and the sentimental value of vintage Pikachu cards, the former Prime Minister called Bitcoin “strings of numbers” with no central authority or accountability.\nIn fact, Johnson argued that decentralization, a unique selling point of cryptocurrencies, is their greatest weakness. In his Daily Mail column, the former Mayor of London predicted that the eroding confidence — especially among regular people — will be the cause of Bitcoin’s end.\n\n\n\n\n\n\n\n\n\n\n\n\nInterestingly, contrary to his latest comments in his Daily Mail column, Johnson’s own administration was quite instrumental in opening the UK’s doors to the digital asset industry. In April 2022, the then-Chancellor of the Exchequer, Rishi Sunak, unveiled a significant initiative to make the United Kingdom a “global hub for cryptoasset technology and investment.”\nBitcoin Is Not A Ponzi Scheme: Michael Saylor\nExpectedly, Johnson’s comments about the premier cryptocurrency sparked interesting reactions from different corners of the crypto community. Strategy’s founder and chairman, Michael Saylor, produced one of the loudest rebuttals to the former Prime Minister’s claims.\n\n\n\n\n\n\n\n\n\n\n\n\n\nBitcoin is not a Ponzi scheme. A Ponzi requires a central operator promising returns and paying early investors with funds from later ones. Bitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand.\n— Michael Saylor (@saylor) March 13, 2026\nSaylor, in a reply on X (formerly Twitter), said that Bitcoin is not a Ponzi scheme. Using the definition of a Ponzi scheme, the Strategy chairman reiterated that the flagship cryptocurrency has no “central operator promising returns and paying early investors with funds from later ones,’ as often required by Ponzi schemes.\nSaylor wrote:\nBitcoin has no issuer, no promoter, and no guaranteed return—just an open, decentralized monetary network driven by code and market demand.\nSaylor has been one of the most vocal supporters of Bitcoin, with his company’s steady acquisition a proof of his belief in Bitcoin’s long-term promise. As of this writing, the price of BTC stands at around $70,590, reflecting a 1.4% decline in the past 24 hours.\nRelated Reading: America’s CBDC Faces Ban Until 2031 Following Senate’s Latest Move\n\nThe price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView\nFeatured image from Reuters, chart from TradingView\n\n\n\nEditorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. 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