Svmuu News Former UK Prime Minister Boris Johnson wrote a commentary piece in the Daily Mail, labeling Bitcoin as a "Ponzi scheme" and stating that collectible Pokémon cards, as tradable assets, hold more practical value than Bitcoin. In the article, Johnson recounted the experience of a friend who initially paid £500 to someone promising to double their investment through Bitcoin trading. Over the next three and a half years, the friend continued to pay various fees, transferring a total of approximately £20,000 but never receiving any returns.
Michael Saylor, co-founder of MicroStrategy, responded by stating that Bitcoin has no issuer, no promoter, and no guaranteed returns; it is an open, decentralized monetary network driven by code and market demand. Pierre Rochard, CEO of The Bitcoin Bond Company, pointed out that the UK financial system itself is a debt-driven structure reliant on continuous borrowing.