Crypto

Boris Johnson’s Bitcoin “Ponzi” column, revisited

A former UK prime minister calling Bitcoin a Ponzi sits awkwardly beside his government’s crypto-hub push.

In a Daily Mail column promoted under his own name, former UK prime minister Boris Johnson called Bitcoin a “giant Ponzi scheme” and joked that Pokémon cards might age better over a decade. The argument was classic greater-fool economics: price depends on the next buyer, not on cash flows.

The irony writes itself. In April 2022, HM Treasury under the Johnson government publicly pushed the United Kingdom as a global cryptoasset technology hub — including work on payment stablecoins, a regulatory sandbox tone, and even a Royal Mint NFT project. Politicians are allowed to change their minds; readers are allowed to notice the timing.

Neither a hostile column nor a hub press release is investment advice. Bitcoin remains a volatile bearer asset with no board of directors to phone when it halves. If a promoter uses a famous surname — or a famous hostility — to rush you into leverage, ignore the celebrity and check the product. For losses and pressure pitches, use the help pages below rather than another tipster.


Help routes: Get help. If a “refund agent” appears next, see Fake recovery.

This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.

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