Boris Johnson calling Bitcoin a ponzi scheme

[TastyChillySauce00]

Some people just don't understand how bitcoin works and don't even bother to put some work into understanding bitcoin.
Anyone who says bitcoin is ponzi just don't really know what ponzi really is. It's vastly different to bitcoin where there is no entity to control and nobody to arrest because it runs autonomously as a decentralized currency.

I bet he read some fud about bitcoin and treat it like a fact.

[_act_]

Some people just don't understand how bitcoin works and don't even bother to put some work into understanding bitcoin.
Anyone who says bitcoin is ponzi just don't really know what ponzi really is. It's vastly different to bitcoin where there is no entity to control and nobody to arrest because it runs autonomously as a decentralized currency.

Boris Johnson is 61, that makes me not to doubt that he can say that. Manny people at that age are people that like the traditional way like bonds, stocks and commodities and not the newest modern ones like cryptocurrencies, but it is also very possible that he has Bitcoin critics around him. I expect some old people to be a bitcoin critics but bitcoin has always be disappointing them. Bktcoyks definitely not a ponzi scheme.

[GreatArkansas]

Some people just don't understand how bitcoin works and don't even bother to put some work into understanding bitcoin.
Anyone who says bitcoin is ponzi just don't really know what ponzi really is. It's vastly different to bitcoin where there is no entity to control and nobody to arrest because it runs autonomously as a decentralized currency.

I bet he read some fud about bitcoin and treat it like a fact.

Well, this is very common for such people who don't do their study first before releasing such statements. I believe he is just using his position and fame as a former Prime Minister to spread FUD just like this.
It's already proven since before, these kinds of people spreading statements like this are kinda normal, look how the community or even Bitcoin price reacted, it's not new anymore.

[shinratensei_]

Politicians can't help but keep making an L statement. Bitcoin has proven its worth and US is making trillion industry out of it yet UK PM is calling it a ponzi. Can't wrap my head around it, is it a sign for a few steps back in the UK crypto regulation?

[Hanadawa]

Well, this is very common for such people who don't do their study first before releasing such statements. I believe he is just using his position and fame as a former Prime Minister to spread FUD just like this.
It's already proven since before, these kinds of people spreading statements like this are kinda normal, look how the community or even Bitcoin price reacted, it's not new anymore.

Although Boris Johnson is a former British Prime Minister, that doesn't guarantee that everything he says is factual and true. According to what I've read from the shared link, Boris Johnson tells the story of a pensioner in his village who handed over his money to someone at a pub, promising him large returns from investing in crypto/Bitcoin. However, the pensioner ultimately lost around 20,000 euros, and Boris considers Bitcoin a Ponzi scheme because he believes Bitcoin needs new investors to pay off existing ones.

Based on this story, I believe Boris Johnson made a fatal mistake by using the story of a pensioner in his village who was deceived by his own mistake and assuming Bitcoin was a Ponzi scheme. I believe the person in his story wasn't deceived into buying Bitcoin, but rather by a scammer who used the Bitcoin investment scheme. Considering he's a pensioner, I suspect he lacked sufficient knowledge about Bitcoin, so instead of investing himself, he gave his money to someone else.

[Taskford]

Read about it from this news: https://www.coindesk.com/business/2026/03/14/boris-johnson-calling-bitcoin-a-ponzi-draws-rebuttal-from-michael-saylor-and-others

I am very disappointed that a whole former UK Prime Minister does not actually know what ponzi schemes are. Or probably he does not know what bitcoin is. But at least he should know that there is nothing hidden about bitcoin investment like Ponzi scheme.

In a ponzi scheme, investors money are used to pay earlier investors with the scheme not generating profit from any business, but the business owners will tell their investors that they are generating profit from a business which is a lie. Later the business can not go on and collapse.

Bitcoin is not like this, nothing hidden, no business but just a coin that has a store of value. Bitcoin has been existing since more than 16 years, many people have profited from it and it is still a store of value.

Don't expect that all people will have same opinion or view. If they say something bad on Bitcoin meaning they don't really understand how everything works.

It doesn't mean that person is on high position means he knows everything. This indicates that he's not really into Bitcoin and people better ignore his unfounded opinion, because they might get stress and angry listening to those people like them.

So if he ignores to learn more about Bitcoin well its his loss, since for sure the same with other skeptical people on Bitcoin before they might regret their past opinion shared when they realize how really good this coin and their opinion made before is so wrong.

[Uhwuchukwu53]

This could be delusional about Bitcoin from him, but come to think of this , his position with his knowledge  is not factual the surprising thing Bitcoin many who claimed to have gotten good knowledge how Bitcoin will end and what it's, end up been disappointed as their prediction keep failing them. Those who have this perception in the past when Bitcoin started and sold their asset today is crying beyond measure as they see the progressive nature of Bitcoin beyond their expectations, everyone has their perception about Bitcoin, and all individual must not have the same believe or reason over a particular thing provided money is involved only the introducer of Bitcoin will be more factual on what Bitcoin is rather than external body .

[m2017]

I am very disappointed that a whole former UK Prime Minister does not actually know what ponzi schemes are. Or probably he does not know what bitcoin is. But at least he should know that there is nothing hidden about bitcoin investment like Ponzi scheme.

But he knows perfectly well how to throw parties during lockdown. That's probably why he doesn't have time to study the basic principles of bitcoin and identify Ponzi schemes.

Stop taking the words of public figures as truth, because they are just power-hungry people who only know how to lie. And yet, it can’t be said that they are very smart.

In a ponzi scheme, investors money are used to pay earlier investors with the scheme not generating profit from any business, but the business owners will tell their investors that they are generating profit from a business which is a lie. Later the business can not go on and collapse.

There is an excellent example of a financial pyramid - this is a traditional pension fund, where money is paid to the "first investors" (retired population) at the expense of money from "new investors" (working population).

Bitcoin is not like this, nothing hidden, no business but just a coin that has a store of value. Bitcoin has been existing since more than 16 years, many people have profited from it and it is still a store of value.

As much as many may dislike it, in fact, bitcoin partially exhibits the characteristics of a Ponzi scheme (just like any stock in any company in the world), because early investors profited at the expense of later investors. In fact, the entire scheme is based solely on the belief in bitcoin's future growth, as that's precisely why investors invest in this asset (otherwise, why would they?). But the longevity of bitcoin's existence dispels any doubts about it being a Ponzi scheme, as no one Ponzi scheme has lasted so long.

[Free Market Capitalist]

Boris Johnson is in no position to lecture anyone on anything. He is a prime example of a bad right-wing politician who doesn’t believe in traditional principles, and in his case, he bears a significant share of the blame for the problems plaguing the UK today—he paved the way for them.

Not to mention that he was locking down the population over COVID while he himself kept throwing parties, which is why he had to resign.

He is a prime example of a socialist disguised as a right-winger.

Given who this guy is, I couldn't care less what he thinks—or doesn't think—about Bitcoin.

[SatoPrincess]

Why are you offended? It’s Boris Johnson. He always has controversy all over him. After Brexit, I doubt there are many people in the UK who take Boris Johnson’s comments seriously except maybe his friends at the pub. The UK already has strict crypto regulations, I don’t think BJ opinion will make it any worse.

[KiaKia]

Read about it from this news: https://www.coindesk.com/business/2026/03/14/boris-johnson-calling-bitcoin-a-ponzi-draws-rebuttal-from-michael-saylor-and-others

I am very disappointed that a whole former UK Prime Minister does not actually know what ponzi schemes are. Or probably he does not know what bitcoin is. But at least he should know that there is nothing hidden about bitcoin investment like Ponzi scheme.

In a ponzi scheme, investors money are used to pay earlier investors with the scheme not generating profit from any business, but the business owners will tell their investors that they are generating profit from a business which is a lie. Later the business can not go on and collapse.

Bitcoin is not like this, nothing hidden, no business but just a coin that has a store of value. Bitcoin has been existing since more than 16 years, many people have profited from it and it is still a store of value.

Why are you disappointed? This person is just a prime minister isn't it? What did he know about the Blockchain system? So he is free to run his mouth any how he wants.

Also isn't the timing just perfect? Why haven't this prime minister come out in 2025 when Bitcoin was growing in numbers to drop his nonsense? I bet he knew that it won't have any impact at the time.

The perfect time to say rubbish about Bitcoin is now, now that the bear market is imminent, and this fud will create panic in the mind of weak investors.

It should be expected.