BTC has a lot in common with a Pyramid scheme where the top gets rich based on the entry of new investors at the bottom. The difference with BTC is they put a limit on how many new people can enter at the bottom. The base of the pyramid can't grow wider. So, it appears (to me) it is doomed to fail to perform in the future the way it did in the past.
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source https://www.reddit.com/r/btc/comments/hv2t27/btcbitcoin_compared_to_a_pyramid_scheme/
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