BTC is a Stock Market Amplified Ponzi: ZeMing Gao

Quick Summary:

Branding BTC a "Stock Market Amplified Ponzi," Gao warned that when it fails, it will do so spectacularly because there's no economic value underpinning it.

The post BTC is a Stock Market Amplified Ponzi: ZeMing Gao appeared first on CoinGeek.

Nakamoto described Bitcoin as a peer-to-peer electronic cash system, repeatedly referred to how it could enable micropayments, and spoke about how there would be a vast number of transactions in blocks or none.

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Article Details

Author / Journalist: Gavin Lucas

Category: Crypto

Markets: CanadaMaliSingapore

Topics: Bitcoin SV Finance BTC Michael Saylor Digital Gold BSV Blockchain ZeMing Gao Satoshi Nakamoto MicroStrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 14:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1109 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24120340

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