It’s a speculative market all the way. New new money to prop up old money. But, I wouldn’t call it a Ponzi because it’s not fraud. It could be a bust but still wouldn’t call it a Ponzi. BitConnect on the other hand...that was a Ponzi!
RE: Why I Buy Bitcoin During Crashes Despite Calling it a Bubble
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Why I Buy Bitcoin During Crashes Despite Calling it a Bubble