Academic says Bitcoin is worse than a Ponzi scheme

Dec. 27, 2021 3:39 PM ETBitcoin USD (BTC-USD)By: Brian Stewart, SA News Editor287 Comments

Glowing dark background with bitcoin symbol.

peshkov/iStock via Getty Images

  • Robert McCauley, a scholar from Boston College and Oxford, argued Monday that Bitcoin (BTC-USD) is worse than a Ponzi scheme because the eventual use case for the cryptocurrency remains unclear, while its high energy use

Recommended For You

Comments (287)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.