MicroStrategy’s Michael Saylor Explains Why Bitcoin Is Not A Ponzi Scheme | CryptoGazette

A month full of prizes at Bitcoin casino – Fortunejack | CryptoGazette

You probably know by now that MicroStrategy’s Michael Saylor has been an advocate for Bitcoin for a long time now,

He’s boosting the king coin on social media, and he made it public that he’s been buying BTC like crazy at the end of 2020.

Now, he addressed the king coin once again, and he dropped a blog post in which the author explains all the reasons for which BTC is not a Ponzi Scheme.

Check out his tweet below:

“One of the concerns I’ve seen aimed at Bitcoin is the claim that it’s a Ponzi scheme. The argument suggests that because the Bitcoin network is contin­u­ally reliant on new people buying in, that eventu­ally it will collapse in price as new buyers are exhausted,” the article begins.

The article continues and defines a Ponzi Scheme according to the SEC’s notes. We strongly suggest that you check out the complete blog post.

Bitcoin is an institutional-grade safe-haven asset

MicroStrategy’s Michael Saylor continues to praise Bitcoin these days. His firm invested more than a billion dollars in the king coin, and it seems that they plan to continue.

Check out the latest post that he shared on social media:

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $34,818.93.

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