Crypto isn't a Ponzi scheme. A Ponzi scheme is form of fraud where funds from recent investors are used to pay (fictitious) profits to earlier investors. Say the ringleader claims a 10% profit. An early investor had deposited $100 and wants their $100. The ringleader had blown that investor's $100 on coke and hookers and gives him $110 from new investors.
Crypto is more accurately a pyramid scheme. But then so are precious metals and fiat currency.
Crypto is more accurately a pyramid scheme. But then so are precious metals and fiat currency.