Michael Saylor and Eric Trump have pushed back against former UK Prime Minister Boris Johnson’s claim that Bitcoin is a "giant Ponzi scheme." Johnson argued that cryptocurrency values depend on continuous new investment, citing a personal example of a villager losing nearly £20,000 after investing £500.
Saylor, MicroStrategy’s executive chairman, rejected the characterization, emphasizing Bitcoin’s transparent, decentralized design and cryptographic verification. He reiterated that Bitcoin’s fixed supply of 21 million coins provides scarcity and long-term value.
Eric Trump echoed the defense, pointing to global adoption and Bitcoin’s resilience since its 2009 launch, despite persistent skepticism.
The debate underscores deepening divides between political leaders and tech investors over digital assets’ role in finance.