Former British Prime Minister Boris Johnson has dismissed Bitcoin as a “giant Ponzi scheme” destined for collapse. In a recent op-ed, the former premier leaned on a personal anecdote and historical currency comparisons to diagnose the trillion-dollar asset class. Boris Johnson Argues That Bitcoin Lacks Authority Johnson anchored his critique on a story about an acquaintance who allegedly lost 20,000 pounds on a 500-pound Bitcoin investment. The former prime minister said the situation was caused by a confusing web of internet fees and a broader predatory environment