Crypto ‘The Biggest Ponzi Scheme In Human History’—China Blockchain Execs Back Bill Gates And Warren Buffett After Huge Bitcoin Price Crash

Bitcoin
BTC
and cryptocurrency have seen more than $2 trillion wiped from the combined crypto market capitalization in just six months due to a devastating crypto crash that some fear could just be getting started.

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The bitcoin price has crashed under the psychological $20,000 per bitcoin level it first crossed in late 2017 before entering a bruising three-year bear market that saw the bitcoin price fall to under $3,000.

Now, with some expecting the crypto crash to reveal the world’s future technology giants, executives at China’s Blockchain-based Service Network (BSN)—a state-backed initiative designed to drive the commercial adoption of blockchain technology—have branded bitcoin and cryptocurrency “the biggest Ponzi scheme in human history.”

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