{"id":76339,"date":"2026-03-15T01:01:41","date_gmt":"2026-03-15T01:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76339"},"modified":"2026-03-15T01:01:41","modified_gmt":"2026-03-15T01:01:41","slug":"former-uk-prime-minister-calls-bitcoin-a-giant-ponzi-scheme-strategys-saylor-replies","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76339","title":{"rendered":"Former UK Prime Minister Calls Bitcoin A \u2018Giant Ponzi Scheme\u2019, Strategy\u2019s Saylor Replies"},"content":{"rendered":"
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Former Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin is a \u201cgiant Ponzi scheme,\u201d with the latest stories around the cryptocurrency appearing to prove him right.<\/p>\n

Former Prime Minister Johnson Calls Pok\u00e9mon Cards A Better Bet Than BTC\u00a0<\/strong><\/h2>\n

In a March 13 Daily Mail column, former UK Prime Minister Boris Johnson shared<\/a> his thoughts about Bitcoin, the world\u2019s 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.<\/p>\n

Johnson argued that Bitcoin relies on the \u201cgreater fool\u201d 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.<\/p>\n

Johnson compared the flagship cryptocurrency to traditional stores of value, such as gold and fiat currency, while claiming that Pok\u00e9mon cards are a safer long-term bet than the world\u2019s largest cryptocurrency. While noting the historic allure of gold and the sentimental value of vintage Pikachu cards, the former Prime Minister called Bitcoin \u201cstrings of numbers\u201d with no central authority or accountability.<\/p>\n

In 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 \u2014 especially among regular people \u2014 will be the cause of Bitcoin\u2019s end.<\/p>\n

Interestingly, contrary to his latest comments in his Daily Mail column, Johnson\u2019s own administration was quite instrumental in opening the UK\u2019s doors to the digital asset industry<\/a>. In April 2022, the then-Chancellor of the Exchequer, Rishi Sunak, unveiled a significant initiative to make the United Kingdom a \u201cglobal hub for cryptoasset technology and investment.\u201d<\/p>\n

Bitcoin Is Not A Ponzi Scheme: Michael Saylor<\/strong><\/h2>\n

Expectedly, Johnson\u2019s comments about the premier cryptocurrency sparked interesting reactions from different corners of the crypto community. Strategy\u2019s founder and chairman, Michael Saylor, produced one of the loudest rebuttals to the former Prime Minister\u2019s claims.<\/p>\n

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Bitcoin 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\u2014just an open, decentralized monetary network driven by code and market demand.<\/p>\n

\u2014 Michael Saylor (@saylor) March 13, 2026<\/a><\/p>\n<\/blockquote>\n

Saylor, 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 \u201ccentral operator promising returns and paying early investors with funds from later ones,\u2019 as often required by Ponzi schemes<\/a>.<\/p>\n

Saylor wrote:<\/p>\n

\n

Bitcoin has no issuer, no promoter, and no guaranteed return\u2014just an open, decentralized monetary network driven by code and market demand.<\/p>\n<\/blockquote>\n

Saylor has been one of the most vocal supporters of Bitcoin, with his company\u2019s steady acquisition a proof of his belief in Bitcoin\u2019s 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.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Former Prime Minister of the United Kingdom, Boris Johnson, said he has always feared that Bitcoin is a \u201cgiant Ponzi scheme,\u201d with the latest stories around the cryptocurrency appearing to prove him right. Former Prime Minister Johnson Calls Pok\u00e9mon Cards A Better Bet Than BTC\u00a0 In a March 13 Daily Mail column, former UK Prime […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-76339","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76339"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76339\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}