It's a decentralized Ponzi scheme. The Ponzi schemes of history collapsed when the guy at the top got arrested, ran out of money, or ran off with what was left

It's a decentralized Ponzi scheme. The Ponzi schemes of history collapsed when the guy at the top got arrested, ran out of money, or ran off with what was left. With Bitcoin, every time one person does one of those three, two more arise.