Cryptocurrency: Bitcoin is a ‘pyramid scheme,’ says an economist

Bitcoin is a ‘pyramid scheme,’ says an economist – The Block

Tendayi Kapfidze, chief economist at Nasdaq-listed online lending marketplace Lending Tree, has said that bitcoin is a “pyramid scheme.” “You only make money based on people who enter after you,” Kapfidze told Yahoo Finance in an interview published Thursday. He added that bitcoin has “no real utility.”



Written by West A

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