The Battle Over Bitcoin and the Future of Money
Originally Published 6 months ago — by Bitcoin Magazine
The article criticizes Bitcoin treasury companies like MicroStrategy for operating as Ponzi schemes, where the apparent high Bitcoin yield is primarily funded by new investors rather than genuine business profits, leading to a bubble that risks collapsing during a Bitcoin bear market. Many smaller companies are copying this model, which is unsustainable and could result in significant losses for investors when the bubble bursts.
