Let’s distinguish the facts from the fiction.
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Bitcoin has been around for over a decade now. Despite its impressive track record of:
- maintaining the blockchain online since its inception
- undergoing four halvings
- receiving approval as an ETF by the SEC this year (2024)
- and surviving at least five significant bear markets….
it still amazes me that some in the financial industry continue to label Bitcoin as a Ponzi scheme.
I see and hear most of these statements come from individuals who have either:
- never used Bitcoin in their life
- lack the technical understanding of Bitcoin and the Blockchain network.
- have lost money trading or investing in Bitcoin
- have been scammed by crypto-related schemes or….
- those who simply dismiss what they don’t understand because they are unwilling to adapt to new technology or ways of living.
This is not to claim that I’m an expert in this subject matter, but from my years…
