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flag Boris Johnson labeled Bitcoin a "giant Ponzi scheme," citing a villager's loss, while MicroStrategy's Michael Saylor defended its decentralized, code-driven nature.

flag Former UK Prime Minister Boris Johnson called Bitcoin a "giant Ponzi scheme," claiming its value relies on continuous investment rather than intrinsic worth, citing a villager who lost nearly $26,000 after investing $660. flag He argued Bitcoin lacks backing from governments or institutions, unlike gold or fiat currencies, and questioned its legitimacy compared to collectibles. flag In response, Michael Saylor of MicroStrategy rejected the comparison, stating Bitcoin has no central issuer, no guaranteed returns, and operates as a decentralized, code-driven network. flag As of March 14, 2026, Bitcoin traded at $70,647.42 with a market cap of $1.41 trillion.

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