Is Bitcoin a Ponzi scheme?
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
No, Bitcoin is not a pyramid scheme. A pyramid scheme is an illegal pyramid scheme in which money is collected from investors by recruiting new investors, who in turn recruit new investors, and so on. Bitcoin is a digital currency that is built and backed by a decentralized network and whose value is determined by supply and demand.