Data shows that as of June 19, Bitcoin fell below the $18,000 mark, hitting its lowest point since December 2020. For comparison, Bitcoin hit a peak of $69,000 per coin in November 2021 and has now depreciated by about 70%.

2024/04/2909:31:33 hotcomm 1761

[CNMO News] Bitcoin’s plunge has shattered the dreams of many investors. Data shows that as of June 19, Bitcoin fell below the $18,000 mark, hitting its lowest point since December 2020. For comparison, Bitcoin hit a peak of $69,000 per coin in November 2021 and has now depreciated by about 70%.

Bitcoin

html News on June 28, People's Daily Online recently published an article sharply commenting on the plunge of Bitcoin, saying that virtual currency is essentially the largest Ponzi scheme in human history. In order to maintain this scam, the currency circle is trying every means to It wears various guises. As a complete scam and a 100% risky speculation, the risks involved are undoubtedly huge and real.

The so-called "Ponzi scheme" is to absorb funds by promising high returns, and then use the funds of new investors to pay the interest of previous investors to create the illusion of making money, and then defraud more funds, until this The snowballing method is no longer sustainable, and the lies will be exposed and the bubble will burst. The

article stated that virtual currency has equity, liquidity and valuelessness, which are also the characteristics of a Ponzi scheme.

In recent years, my country’s financial sector has issued multiple documents clarifying that virtual currency-related business activities are illegal financial activities and reminding investors to be wary of risks. In addition, relevant statistics show that among the top 100 richest people in the world, at least 90 have publicly opposed virtual currencies, including Bill Gates, Warren Buffett, Charlie Munger, etc.

#People's Daily Online Comments on the Bitcoin Plunge# #Is Bitcoin a Ponzi Scheme#

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