U.S. markets close in 2 hours 16 minutes
  • S&P 500

    4,203.70
    +81.23 (+1.97%)
     
  • Dow 30

    33,271.24
    +496.83 (+1.52%)
     
  • Nasdaq

    12,820.14
    +326.21 (+2.61%)
     
  • Russell 2000

    1,963.27
    +50.38 (+2.63%)
     
  • Crude Oil

    91.94
    +1.44 (+1.59%)
     
  • Gold

    1,813.00
    +0.70 (+0.04%)
     
  • Silver

    20.71
    +0.23 (+1.11%)
     
  • EUR/USD

    1.0328
    +0.0111 (+1.08%)
     
  • 10-Yr Bond

    2.7550
    -0.0420 (-1.50%)
     
  • GBP/USD

    1.2256
    +0.0180 (+1.49%)
     
  • USD/JPY

    132.3700
    -2.7460 (-2.03%)
     
  • BTC-USD

    23,925.53
    +839.98 (+3.64%)
     
  • CMC Crypto 200

    563.09
    +31.87 (+6.00%)
     
  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Is Bitcoin a Ponzi Scheme?

·5 min read
Is Bitcoin a Ponzi Scheme?

Ever since people first began to invest in Bitcoin (BTC), skeptics have lined up to label it a Ponzi scheme. The thinking is that Bitcoin doesn't actually do anything, so the only way its value can go up is if people buy more of it and push the price up. What is a Ponzi scheme?