【Shocking!】Former Governor Slams Bitcoin: Could Be a Ponzi Scheme!

In a heated debate about social security, former Maryland Governor Martin O'Malley fiercely criticized Bitcoin, calling it "possibly a Ponzi scheme." He directly compared his criticism of Bitcoin to the United States' social security system, emphasizing the vast differences between the two.

O'Malley: Bitcoin May Be a Ponzi Scheme

In his defense of social security, O'Malley stated: "Social security is not a Ponzi scheme—Bitcoin may be." He vehemently refuted those who equate public welfare programs with Ponzi schemes, accusing Bitcoin of lacking intrinsic value and transparency.

Beware of Misinformation, Protect Social Security

O'Malley also warned the public to be vigilant against misinformation, especially from certain politicians and entrepreneurs attacking social security. He listed several widely misunderstood accusations, emphasized the financial health of social security, and stated, "These lies are merely a means to undermine public trust."

He specifically mentioned that social security has a reserve of $2.6 trillion and has never missed a payment in 90 years, calling it "the most effective insurance program in the world."