It’s a Ponzi scheme cos it’s not being used for purchasing goods and services. Bitcoins only value is it’s value relative to dollars, euros etc, which have pur

It’s a Ponzi scheme cos it’s not being used for purchasing goods and services. Bitcoins only value is it’s value relative to dollars, euros etc, which have purchasing power. So ultimately all the Bitcoin has to be converted back to dollars, euros etc for people to see a return on their investment. The only way to do that is to sell the Bitcoin to someone else who has dollars (presumably for more dollars than you bought the Bitcoin originally). So as the cycle continues each new generation of investors needs to find another bunch of suckers to offload their Bitcoin to and get their dollar reward. And they need that next set of people to consistently pay a higher price than they did. Eventually people will struggle to find buyers and be left holding the bag. This wouldn’t necessarily be the case if Bitcoin got used as a real currency. But that’s clearly not happening at this stage, people laugh at the idea of buying Pizza with it or whatever. So it’s just a Ponzi-like scheme. Tbh it’s more like a penny stock scam of old.