Boris Johnson called Bitcoin a Ponzi scheme in a Daily Mail op-ed. Saylor and the crypto community fired back fast.

Boris Johnson, the former prime minister of the United Kingdom, published an opinion article calling Bitcoin a scam, which received heavy pushback.

Former UK PM Boris Johnson labeled Bitcoin a Ponzi scheme. Michael Saylor and crypto community members quickly responded with counterarguments.

The cryptocurrency community pushed back, with Michael Saylor saying Bitcoin has no issuer, promoter, or guaranteed return, and is instead driven by code and market demand.

Strategy's Michael Saylor and POTUS's son, Eric Trump, defended Bitcoin against claims that it's a Ponzi scheme.

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