In a blistering critique of the world’s largest cryptocurrency, a prominent financial skeptic has labeled Bitcoin “the biggest scam in history,” warning investors to steer clear before it’s too late.
The critic, known for his outspoken views on speculative assets, argues that Bitcoin’s rise has been fueled not by intrinsic value but by hype, fear of missing out (FOMO), and aggressive marketing.
“It’s a zero-sum game where latecomers are paying early adopters,” he said. “When the music stops, there will be nothing left but losses.”
Bitcoin, which has seen meteoric growth over the past decade, is often hailed by supporters as “digital gold” and a hedge against inflation. However, skeptics say its extreme volatility, lack of regulation, and reliance on speculative sentiment make it an unsafe bet for the average investor.
While Bitcoin remains above key price levels, the warning comes amid renewed debates over its future, especially with increasing government scrutiny and emerging competitors in the blockchain space.
Bottom line: Whether Bitcoin is a revolutionary technology or the “biggest scam in history” depends on who you ask—but the divide between believers and critics has never been sharper