Is BitConnect the latest Ponzi scheme?

[JustinStacks]

Apologies if this has been covered, but is BitConnect just the latest and greatest Ponzi scheme?  Borrowing
money to trade vol and promising to pay out ~1% daily sounds all fine and good as long as BTC keeps going up and there are new investors...But what about once Bitcoin corrects, or if there is a bear market in BTC or a slow down in new investors in BitConnect?  Down goes the scheme and everyone’s cash along with it!

What are your thoughts?