While I get that high yield instruments and ICO's can be fraudulent in some cases (I wrote about the tax aspect of it recently), how can Bitcoin be fraud? No one person owns all of Bitcoin and the purpose of Bitcoin is made clear for all? Bitcoin is much different than the penny stocks where fraudsters will deceive about the underlying prospects of a company, to entice people to acquire the stock. Note, I am not a legal expert, this is just my personal opinion.